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.

11 September 2009

Merv's Daily Commentary 11 Sept 2009

After The Close, 10 Sep 2009

Merv’s Daily Uranium Index
Market Data

Open: 169.63
High: 176.45
Low: 167.56
Close: 173.52
Volume: 8287

Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.

The Merv’s Daily Uranium Index closed up by 3.59 points or 2.11%. There were 30 winners, 15 losers and only 5 going nowhere. Cameco gained 2.9%, First Uranium gained 13.5%, Paladin went nowhere, Uranium One lost 2.5% and Uranium Participation gained 0.5%. The best winner was Benton with a gain of 16.0% while the worst loser was Khan with a loss of only 5.7%.

Just a quick update as I just was able to download my data. The Daily Index had a good day with all indicators moving higher. Two quick points, the volume finally seems to be improving on the up side and the Stochastic Oscillator seems to be turning towards the down side (but not there yet). One is a good sign the other may be telling us that a rest is in order. Other than that both the short and intermediate term ratings remain BULLISH.

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