BASIC NOTES

Uranium Companies

There are very few pure uranium companies. Most companies, especially the small exploration type, are active in more than the uranium industry. This blog makes no attempt to guage the percentage of a companies activity that are related to the finding, mining or processing of uraniun. They all do, however, have some uranium activities (to the best of our review).

Merv's Uranium Indices

I have developed two Uranium Indices. They each have the same component stocks but are calculated using different methodologies. My weekly Index is based upon the average weekly performance of the component stocks. My daily Index is based upon the daily average of the component stocks open, high, low and close prices along with the daily average volume of all component stocks.

Click on the chart or table to enlage the view.



26 March 2008

Freewest Res. Canada Ltd. (V-FWR), 26 Mar 2008


One day too late? I was going to review Hathor Exploration Ltd. (V-HAT) but I see that in early trading Hathor has made a sharp move and my review would have been one day late and obsolete, technically speaking. The trading is quite volatile so I’ll go with Freewest Res. Canada Ltd (V-FWR) instead.

FWR is up some 100% in only the past two months and seems destined for still more upside. It seems to be taking a short rest after that sharp advance but is expected to continue shortly, especially if the uranium stocks in general firm up and start a good rally. All indicators continue to be positive. As a $0.40 stock FWR appears to be a good gamble here with a stop loss at $0.34 just in case something goes wrong. I would not pay too much attention to the wide channel shown on the chart but the recent up trend line would be something to keep an eye on.

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