GoldQuest Mining Corp's Surging Share Price is the Top Gainer in this Week's Ubika Gold 50 Index Report
Toronto, Ontario--(Newsfile Corp. - November 4, 2013) - Ubika Research has released the weekly performance (week ending November 01, 2013) report for "The Ubika Gold 50", an index of fifty (50) high potential junior gold exploration companies. This week's top gainer was shares of GoldQuest Mining Corp (TSXV: GQC), which climbed 14.55% after the company reported a NI 43-101 compliant resource estimate on its Romero deposit in the Dominican Republic. GoldQuest revealed 2.4 million ounces of gold equivalent in Indicated category and 0.8 million ounces of gold in Inferred category.
To view all of the companies in the Ubika Gold 50 Index, their relative performance vis-à-vis TSX Venture Index, read the weekly performance report, follow breaking news about the Index constituents and CEO video interviews please visit: http://www.smallcappower.com/gold50.
The top Ubika Gold 50 gainers for the week ending November 01, 2013 include: GoldQuest Mining Corp (TSXV: GQC) (CVE: GQC), Meadow Bay Gold Corp (TSX: MAY) (TSE: MAY), Aldridge Minerals Inc (TSXV: AGM) (CVE: AGM), and PMI Gold Corp (TSX: PMV) (TSE: PMV).
The Ubika Gold 50 Index comprises our top fifty (50) promising junior gold exploration companies. We use various proprietary criteria in selecting these companies including market capitalization, trading volume, exploration location, type and size of deposits and their exploration stage. To download your free report please visit: http://www.smallcappower.com/gold50.
Note: This week's Ubika Gold 50 Index includes only 48 companies. We removed Oromin Explorations Ltd. (TSX: OLE) since it was acquired by Teranga Gold Corporation (TSX: TGZ) (ASX: TGZ) and Rainy River Resources Ltd (TSX: RR) since it was acquired by New Gold Inc. (TSX: NGD). We will introduce replacing companies in next week's UG 50 and adjust the index by recalculating the index divisor.
About Ubika Research
Ubika Research is an investment research and capital market services firm based in Toronto with a proven track record of identifying and launching coverage of high potential small cap stocks (<$5 billion) at an early stage. For more information visit www.ubikaresearch.com.
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.
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