Electrovaya Surges 41%, Tops the Ubika Sustainability 20

Chris Thompson| Head of Research | Ubika Research | Chris@UbikaResearch.com| 1 (416) 574-0469
Patrick Smith | Analyst | Ubika Research | Patrick@UbikaResearch.com | 1 (647) 444-5506
Alp Erdogan | Analyst | Ubika Research | Alp@UbikaResearch.com | 1 (647) 479-5690
William Xiao | Associate | Ubika Research | william.x@gicpartners.com | 1 (647) 828-4632

The Ubika Sustainability 20 Index (US20) sees two penny stocks blossom as the Index beats its two benchmarks

Ubika Sustainability 20 (May 7, 2018 - June 22, 2018)

US20: 7.3% (+14.7% Y/Y)

TSX Venture: -2.4% (-1.9% Y/Y)

DJSI – NA40: 2.1% (13.0% Y/Y)

Dollar amounts in CAD unless otherwise stated

Top Volume Gainers (m/m)

Ubika Sustainability Index sees Two Penny Stocks Blossom

The Ubika Sustainability 20 Index (US20) increased 7.3% since our last report dated May 7, 2018, outperforming its two benchmarks, the TSX-V and Dow Jones Sustainability North America 40 indices, which fell 2.4% and rose 2.1%, respectively, over the same period. Notable performers for this report include:

  1. Cielo Waste Solutions Corp. (CSE:CMC), which has jumped 26% since our last report despite the receival of permits for its new plant.
  2. good natured Products Inc. (TSXV:GDNP), which climbed 8% following the acquisition of a major new client.

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