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.

03 May 2010

Merv's Daily Commentary 03 May 2010

After The Close, 03 May 2010

Merv’s Daily Uranium Index
Market Data

Open: 168.21
High: 169.57
Low: 165.32
Close: 167.18
Volume: 2539

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

How much longer are we going to endure this constant dribble, dribble in the Daily Index. Another day and another minor down day. We are now below the major area of recent activity and moving lower. We are now on watch for that 160 level hoping that it will hold should the Index get that low, which it looks like it will.
The Merv's Daily Uranium Index lost 0.89 points or 0.53%. There were 13 winners, 28 losers and 9 slackers. Cameco lost 1.0%, Extract was a slacker, Paladin lost 3.0%, Uranium One gained 0.4%, and USEC lost 1.2%. The best winner of the day was Quest Uranium with a gain of 8.0% while the worst loser was Pele Mountain with a loss of 10.7%. Market Vectors Nuclear Energy ETF lost 0.5%.

Nothing new, all indicators for all time periods are unchanged and therefore the intermediate and short term ratings remain BEARISH.

The immediate direction of least resistance remains lateral.

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