The top Ubika Mining 30 gainers for the week June 23 – June 27, 2014 include: Great Western Minerals Group Ltd. (TSXV: GWG), Prophecy Coal Corp. (TSX: PCY), Northern Graphite Corp. (TSXV: NGC) and Wildcat Silver Corporation (TSX: WS). To view the complete Ubika Mining 30 index report, click on the download link.
Key Findings for the week of June 23 – June 27, 2014 are summarized below:
• Great Western Minerals Group Ltd. (TSXV: GWG) was the top performer for the week with 29% gain in market capitalization. The stock gained on the recent positive development on its Steenkampskraal project (rare earth element), South Africa.
• After gaining 8.95% the previous week, the UM 30 index lost 2.34% this week to end at 72.54. It underperformed TSX Venture index (-0.33%) and S&P/TSX Global Mining Index (0.14%).
• The TSX Venture index declined by 3.40 points or 0.33% to close at 1,022.97. The index value didn’t change much this week as several factors countervailed each other. The University of Michigan’s consumer sentiment index rose to 82.5 (up from the estimated value) which strengthened the market but at the same time concerns over U.S. economic health pushed down the market.
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