The Ubika Mining 30 Report July 08, 2014

Published:

The top Ubika Mining 30 gainers for the week June 30 – July 04, 2014, 2014 include Mira Resources Corp. (TSXV: MRP) North American Nickel Inc. (TSXV: NAN), Avalon Rare Metals Inc. (TSX: AVL), and Coro Mining Corp. (TSX: COP). To view the complete Ubika Mining 30 index report, click on the download link.

Key Findings for the week of June 30 – July 04, 2014 are summarized below:

• Mira Resources Corp. (TSXV: MRP) was the top performer for the week with 100% gain in market capitalization. The stock gained on the recent positive development on its Tom Shot Bank Field (Oil and Gas), Nigeria.

• After losing 2.34% the previous week, the UM 30 index gained 2.97% this week to end at 74.69. It outperformed TSX Venture index (1.45%) but underperformed S&P/TSX Global Mining Index (3.31%).

• The TSX Venture index increased by 14.79 points or 1.45% to close at 1,037.76. The index value gained on better than expected U.S. job data for June 2014 which increased the optimism regarding U.S. economy rebound.

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