This week’s top gainer is Paladin Energy Ltd. (TSX: PDN), which jumped 17%. On November 13, 2014, the company announced that production from its Langer Heinrich Mine was back on track.
Other top Ubika Mining 20 constituent companies for the week ending November 14th 2014 are: Trevali Mining Corp. (TSX: TV), Platinum Group Metals Ltd. (TSX: PTM) and Energy Fuels Inc. (TSX: EFR). To view the complete Ubika Mining 20 index report, click on the download link.
Key Findings for the week:
• Paladin Energy Ltd (TSX: PDN) was the top performer for the week with 17% gain in market capitalization. Recently on 13 November 2014, the company announced that production from its Langer Heinrich Mine is back on track (the production was hampered due to some maintenance issues) and also provided an update that Japan has cleared final hurdle for nuclear restart which would most likely push the uranium price up (PDN produces U3O8).
• The UM 20 index gained 6.27% this week to end at 80.10. It outperformed the TSX Venture index (0.83%) and S&P/TSX Global Mining Index (-0.18%).
• The TSX Venture index gained 0.83% last week to close at 776.63 on the better performance of the incumbent companies of the index which happened due to strong manufacturing data from Canada and better than expected performance of energy stocks.
Interested in previous Ubika Mining reports?
Here’s the archive link.
https://smallcappower.com/wp-content/uploads/cloud.modyocdn.com/uploads/d95bf1d06f1711e48a4db7b179c481c5/original/UM20_18Nov.pdf
