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.

19 April 2010

Merv's Daily Commentary 19 Oct 2009

After The Close, 19 Apr 2010

Merv’s Daily Uranium Index
Market Data

Open: 171.28
High: 173.02
Low: 167.47
Close: 170.31
Volume: 3163

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

The Merv’s Daily Uranium Index closed lower by 2.58 points or 1.49%. There were 5 winners, 37 losers and 8 slackers. Cameco lost 0.2%, Extract lost 6.8%, Paladin lost 2.7%, Uranium One lost 1.1% and USEC lost 0.2%. The best winner of the day was Fission Energy with a gain of 6.7% while the loser of the day was JNR Resources with a loss of 10.0%. Market Vectors Nuclear Energy ETF lost 0.4%.

Nothing has changed today so both intermediate and short term ratings remain BEARISH.

As for the immediate direction of least resistance, that still looks like the lateral direction with the Stochastic Oscillator continuing to move sideways.

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