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.

15 October 2009

Merv's Daily Commentary 15 Oct 2009

After The Close, 15 Oct 2009

Merv’s Daily Uranium Index
Market Data

Open: 177.98
High: 181.51
Low: 174.16
Close: 178.89
Volume: 6399

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

Today’s action was just the opposite of yesterday’s action. The Daily Index started on the down side, continued lower, reversed and closed above its opening price but still lower than yesterday’s close. Was it a down day or an up day? I call it an up day but a look at the winners and losers sort of kills that thought.

The Merv’s Daily Uranium Index closed lower by 0.92 points or 0.51%. There were 14 winners, 32 losers and 4 confused. With the ration of losers to winners one may find it hard to assume this was an up day. As for those five largest stocks by market value, Cameco gained 0.5%, First Uranium lost 1.6%, Paladin lost 1.3%, Uranium One lost 3.2% and Uranium Participation gained 0.3%. The best winner of the day was Western Uranium with a gain of 10.8% while the loser of the day was Uranerz Energy with a loss of 12.1%.

In going through my file of uranium stocks one stock that is not in my Index but would qualify as one of the top five is Extract Res. Ltd. Traded on the Toronto exchange although it is an Australian company that trades primarily on the Australian exchange. I though it would be included into the Index this week but find that I do not yet have enough North American trading data to put it into the Table, due to the algorithm involved in the Table program. Maybe in a few months.

Nothing has changed by today’s action so both the short and intermediate term ratings remain BULLISH.

The Stochastic Oscillator continues to move lower, below its negative trigger line but still inside its positive zone. It is still indicating weakness in the Index and lower Index values should not come as a surprise. We’ll just have to take it a day at a time to see how this comes out. However, despite the end of day move upwards the Index is looking like a topping action. The immediate direction of least resistance remains to the down side today.

No comments: