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 April 2010

Merv's Daily Commentary 15 Apr 2010

After The Close, 15 Apr 2010

Merv’s Daily Uranium Index
Market Data

Open: 175.71
High: 178.42
Low: 173.63
Close: 176.10
Volume: 2966

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

Another ho-hum day at the market. The Merv’s Daily Uranium Index closed up another 0.53 points or 0.30%. There were 18 winners, 20 losers and 12 stocks muddying up the works. Cameco lost 0.8%, Extract gained 8.1%, Paladin gained 0.5%, Uranium One gained 1.5% and USEC lost 0.8%. The best winner was Khan Resources with a gain of 18.3% and the worst loser was JNR Resources with a 7.3% loss. Market Vectors Nuclear Energy ETF lost 0.7%.

Nothing has changed with today’s market action so the ratings remain as they were. The intermediate term remains BULLISH while the short term remains + NEUTRAL.

As for the immediate direction of least resistance, why spoil a winning guess, I’ll remain with my lateral direction again.

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