The top Ubika Mining 30 gainers for the week July 07 – July 11, 2014 include Northern Graphite Corp. (TSXV: NGC), Great Western Minerals Group Ltd. (TSXV: GWG), and SilverCrest Mines Inc. (TSX: SVL). To view the complete Ubika Mining 30 index report, click on the download link.
Key Findings for the week of July 07 – July 11, 2014 are summarized below:
• Northern Graphite Corp. (TSXV: NGC) was the top performer for the week with 7% gain in market capitalization. The stock gained on the recent positive development on its 100% owned Bissett Creek graphite project, Ontario.
• After gaining 2.97% the previous week, the UM 30 index gained further by 0.63% this week to end at 75.16. It outperformed TSX Venture index (-1.43%) but underperformed S&P/TSX Global Mining Index (1.20%).
• The TSX Venture index decreased by 14.83 points or 1.43% to close at 1,022.93. The index was down on the worse Canadian job data report in which unemployment rate rose to 7.1% from 7.0% in May 2014. In the later part of the week, the market rebound on the better performance of gold mining companies.
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