The top Ubika Gold 20 gainers for the week ending September 26th 2014 include: Lydian International Ltd (TSX: LYD), Rubicon Minerals Corp (TSX: RMX), Kirkland Lake Gold Inc (TSX: KGI), Sandspring Resources Ltd (TSXV: SSP) and Romarco Minerals Inc (TSX: R). To view the complete Ubika Gold 20 index report, click on the download link.
Key Findings for the week:
- Lydian International Ltd. (TSX: LYD) was the top performer of the week with 17.65% gain in the market capitalization. The market cap rose on the recent positive development on its 100%-owned Amulsar Gold Project in Southern Armenia.
- The UG 20 index fell 1.62% last week to close at 94.38 from the previous close of 95.94. It outperformed the TSXV index (-3.73%), but underperformed gold (0.22%) and S&P/TSX global gold index (-0.84%).
- The performance of the UG 20 constituent companies remained majorly negative with only 7 out of 20 companies recording positive performance while 12 companies ended negative.
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