Sandspring Resources Ltd.'s 45% Share Price Surge Tops this Week's Ubika Gold 50 Index Report
Toronto, Ontario--(Newsfile Corp. - January 6, 2014) - Ubika Research has released the weekly performance report for "The Ubika Gold 50," an index of 50 high potential junior gold exploration companies.
This week's top gainer is Sandspring Resources Ltd. (TSXV: SSP) (CVE: SSP), which powered more than 45% higher on recent news (Dec 23, 2013) that it received the first draw down of US$13.5 million under its streaming agreement with Silver Wheaton related to the development of SSP's Toroparu Project in Guyana.
Other top Ubika Gold 50 gainers for the week ending January 03, 2014, include: Americas Bullion Royalty Corp (TSX: AMB) (CSE: AMB), Freegold Ventures Ltd (TSX: FVL) (CSE: FVL), Vista Gold Corp (TSX: VGZ) (CSE: VGZ), and Kirkland Lake Gold Inc (TSX: KGI) (CSE: KGI).
Get your copy of the report and see the Top 50 performance compared to the TSX Venture Index: 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).
About The Ubika Gold 50 Index: This 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.
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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