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 March 2010

Merv's Daily Commentary 11 Mar 2010

After The Close, 11 Mar 2010

Merv’s Daily Uranium Index
Market Data

Open: 172.38
High: 174.66
Low: 170.46
Close: 172.60
Volume: 3052

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

Another mild down day. We remain in that short term box going nowhere.

The Merv’s Daily Uranium Index closed lower by 0.25 points or 0.15%. There were 20 winners, 24 losers and 6 ho-hum. Cameco gained 0.4%, First Uranium was a ho-hum, Paladin lost 0.3%, Uranium One lost 0.7% and Uranium Participation gained 0.3%. The best winner was a tie between Xemplar and Forum with gains of 6.3% while the loser of the day was Alberta Star with a loss of 13.1%, maybe something about that reverse split did something to the stock. Market Vectors Nuclear Energy ETF gained 0.1%.

I’m deep into getting my computer back up to steam loading all my programs and stuff. Totally lost my hard drive and programs with it. Good thing I have most of the programs on CD and data saved on a back-up. Still it takes time. So, since nothing has happened today with that miniscule decline I’ll just go directly to the ratings, BEARISH on the intermediate term and BULLISH on the short term. The direction of least resistance remains the lateral direction.

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