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.

16 December 2009

Merv's Daily Commentary 16 Dec 2009

After The Close, 16 Dec 2009

Merv’s Daily Uranium Index
Market Data

Open: 180.37
High: 182.79
Low: 177.98
Close: 179.72
Volume: 4404

Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.

The posting over the next few weeks will be limited. The week-ends will be as always but during the week, unless something is really happening, I will be taking a rest. So, sporadic posting with often limited info.

The Merv’s Daily Uranium Index closed lower by 0.36 points or 0.20%. There were 18 winners, 19 losers and a whole bunch of stragglers doing nothing (13). Cameco lost 1.0%, First Uranium gained 3.1%, Paladin lost 2.9%, Uranium One gained 2.6% and Uranium Participation gained 2.9%. The best winner was Consolidated Abaddon with a gain of 7.1% while the loser of the day was Denison Mines with a loss of 9.5%.

Nothing has changed with today’s action so both the short and intermediate term ratings remain BULLISH. The immediate direction of least resistance remains lateral for another day.

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