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.

20 April 2010

Merv's Daily Commentary 20 Apr 2010

After The Close, 20 Apr 2010

Merv’s Daily Uranium Index
Market Data

Open: 171.28
High: 173.01
Low: 169.28
Close: 170.86
Volume: 2842

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

Merv’s Daily Uranium Index closed slightly higher today by 0.55 points or 0.32%. There were 24 winners, 17 losers and 9 slackers. Cameco lost 1.3%, Extract gained 1.2%, Paladin gained 0.5%, Uranium One gained 0.4% and USEC gained 0.3%. The best daily winner was Quaterra with a gain of 7.2% while the loser of the day was Kavalliq Energy with a loss of 10.6%. Market Vectors Nuclear Energy ETF gained 1.2%.

Time is short today and I will be on the move tomorrow so today is short but I hope that I will be able to get a full daily commentary out tomorrow.

Nothing changed with today’s advance so both intermediate and short term remain BEARISH.

The immediate direction of least resistance I will remain at a lateral direction.

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