The top Ubika Mining 20 gainers for the week ending September 19, 2014 include: Balmoral Resources (TSX: BAR),Pilot Gold Inc (TSX: PLG), Avalon Rare Metals Inc (TSX: AVL) and Trevali Mining Corp (TSX: TV). To view the complete Ubika Mining 30 index report, click on the download link.
Key Findings for the week:
• Balmoral Resources (TSX: BAR) was the top performer for the week with a 19.57% gain in market capitalization. The stock gained after BAR announced that as at the close of trading on Friday, September 19, 2014 it will be added to the S&P/TSX SmallCap Index.
• The UM 20 index declined 4.40% this week to end at 90.17. It underperformed the TSX Venture index (-3.33%), while outperformed S&P/TSX Global Mining Index (-4.60%).
• The TSX Venture index declined 3.33% last week to close Friday at 955.06 weighed down by resources stocks posting a sharp decline following an extended sell-off of commodities. The U.S. fed announced to keep its benchmark rate near zero till mid of 2015.
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