The Ubika Base Metals 20 index falls as investor interest in base metals cools
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The Ubika Base Metals 20 Index has decreased 7.9% since our
last report dated May 25, 2018, outperforming the TSXV and
underperforming the Base Metal Juniors Index, which have declined
8.1% and 7.7% respectively over the same period.
Notable performers for this report include:
• Arizona Mining Inc. (TSX:AZ), which increased 49% with a takeover
offer from South32 (ASX:S32)
• Tethyan Resources PLC (TSXV:TETH) which increased 5% after
acquiring a Serbian Company called Taor
• Nevsun Resources Ltd. (TSX:NSU) which increased 8% after
rejecting an unsolicited takeover proposal
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