The Ubika Mining 20 Index (UM20) fell 2.8% over the past month, slipping more than the TSX Venture composite, which was down by 0.7%. The TSX Mining Index, meanwhile, rose 3.1% over the same period. However, this month's performance is just a blip on the radar, as the UM20 is blowing past both benchmarks on a 52-week basis, gaining 74%, relative to the 52% and 38% gains for the TSX Venture Index and TSX Mining Index, respectively. Ivanhoe Mines (TSX: IVN) was the top-performing component company during the past month, climbing 38% after the Company's stock was added to the S&P/TSX Composite Index, effective after the close of trading on September 16, 2016.
Read the full report at http://smallcappower.com/reports/index-reports/mining/ivanhoe-mines-tseivn-rises-38-tops-the-ubika-mining-20/
About SmallCapPower.com
SmallCapPower.com (SCP) is the industry's most trusted resource for small cap stocks, offering unprecedented access to the research and tools you need to help uncover the next big thing.
Disclosure
Except for the historical information presented herein, matters discussed in this document contain forward- looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Ubika Research and www.smallcappower.com (are both divisions of Ubika Corporation), and are not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this report. For making specific investment decisions, readers should seek their own advice.
Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika's affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
For full disclosure please visit: http://www.smallcappower.com/pages/small-cap-power-disclosure.
To view this press release as a PDF file, click onto the following link:public://news_release_pdf/SmallCap10032016.pdf