After The Close, 27 Nov 2008
Merv’s Daily Uranium Index
Market Data
Open: 112.33
High: 116.89
Low: 108.68
Close: 113.77
Volume: 2927
Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.
With the U.S. markets closed the trading in Canada was very light. Basically a holding day waiting for the next something to happen. As we see below the number of stocks that either did not trade because of the U.S. close plus just those that went nowhere was about the highest number in my recent memory. One should not place too much on today’s actions therefore.
The Merv’s Daily Uranium Index closed higher by a whole 0.41 points or 0.36%. There were 19 winners, 15 losers, 5 U.S. stocks that did not trade and 11 going nowhere. As for the five largest stocks, Cameco lost 0.6%, Denison gained 2.0%, Paladin gained 3.7%, Uranium One gained 9.8% and USEC did not trade. The best winner today was Trigon Uranium with a gain of 25.0% while the worst loser was Azimut Exploration with a loss of 18.1%.
As the action was quite benign today nothing has changed from the ratings standpoint. So, as a basically lazy individual I’ll just suggest you go to yesterday’s analysis and it’s the same today.
Merv’s Daily Uranium Index
Market Data
Open: 112.33
High: 116.89
Low: 108.68
Close: 113.77
Volume: 2927
Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.
With the U.S. markets closed the trading in Canada was very light. Basically a holding day waiting for the next something to happen. As we see below the number of stocks that either did not trade because of the U.S. close plus just those that went nowhere was about the highest number in my recent memory. One should not place too much on today’s actions therefore.
The Merv’s Daily Uranium Index closed higher by a whole 0.41 points or 0.36%. There were 19 winners, 15 losers, 5 U.S. stocks that did not trade and 11 going nowhere. As for the five largest stocks, Cameco lost 0.6%, Denison gained 2.0%, Paladin gained 3.7%, Uranium One gained 9.8% and USEC did not trade. The best winner today was Trigon Uranium with a gain of 25.0% while the worst loser was Azimut Exploration with a loss of 18.1%.
As the action was quite benign today nothing has changed from the ratings standpoint. So, as a basically lazy individual I’ll just suggest you go to yesterday’s analysis and it’s the same today.
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