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.

14 September 2009

Merv's Daily Commentary 14 Sept 2009

After The Close, 14 Sep 2009

Merv’s Daily Uranium Index
Market Data

Open: 171.53
High: 175.79
Low: 167.56
Close: 172.45
Volume: 3926

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 action today started on the down side but then turned around, tried for new highs but fell back by the end of the day. In the end the Merv’s Daily Uranium Index closed on the up side by a measly 0.12 points or 0.07%. However, the average price of a component stock actually closed on the down side by 1.53%. This reflects the influence of the smaller stocks which seemed to take a generally greater hit today than did the higher priced stocks. The market breadth also confirms the general weakness today. There were 17 winners and 30 losers with only 3 stocks being confused. The almost 2 to 1 ration of losers to winners tells us it was not such a great day. As for those five largest stocks, well they were mixed. Cameco gained 1.8%, First Uranium lost 4.5%, Paladin lost 2.1%, Uranium One lost 1.7% and Uranium Participation gained 1.7%. The best winner on the day was Alberta Star with a gain of 12.9%. The worst loser was Bannerman with a loss of 16.7%.

Nothing in the indicators has changed since the week-end so I wouldn’t go through the routine today. Suffice it to say that both the short and intermediate term ratings remain BULLISH.

As for the immediate direction of least resistance, it looks like that would be to the down side with the Stochastic Oscillator continuing to move lower after the turn from its overbought zone.

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