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.

09 February 2010

Merv's Daily Commentary 09 Feb 2010

After The Close, 09 Feb 2010

Merv’s Daily Uranium Index
Market Data

Open: 163.40
High: 167.31
Low: 161.56
Close: 165.17
Volume: 3270

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

A small advance in the Daily Index but still basically within a lateral trend area. We would need a few extra days like today before we can say that we are definitely in a rally mode.

The Merv’s Daily Uranium Index closed higher by 2.82 points or 1.73%. There were 24 winners, 15 losers and a whole pile (11) just tearing their hair out wondering which way to go. Of the five largest stocks, Cameco gained 3.6%, First Uranium gained 0.7%, Paladin gained 3.1%, Uranium One lost 0.3% and Uranium Participation lost 1.5%. The best winner of the day was NWT Uranium with a gain of 10.0% while the worst loser of the day was Xemplar Energy with a loss of 7.9%. Market Vectors Nuclear Energy ETF gained 1.9%.

Nothing has yet changed with today’s upside move. We need more of them to get the indicators to start changing. Both the intermediate and short term ratings remain BEARISH.

As for the immediate direction of least resistance, that does seem to be more to the up side but I’ll be conservative and stick with the `lateral for another day.

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