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.

08 June 2010

Merv's Daily Commentary 08 June 2010

After The Close, 08 Jun 2010

Merv’s Daily Uranium Index
Market Data

Open: 149.28
High: 151.86
Low: 148.09
Close: 148.09
Volume: 4350

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

Another down day but so minor that there’s nothing to see here. The reaction may be ending but we’ll have to wait another day or two to see for sure.

The Merv’s Daily Uranium Index lost 0.31 points or 0.21% on the day. There were 16 winners, 28 losers and 6 just playing games. Cameco lost 0.2%, Extract gained 1.5%, Fronteer gained 3.3%, Paladin gained 2.2% and Uranium One lost 3.4%. The best winner of the day was Forum Uranium with a gain of 18.8% while the loser of the day was Global Uranium Fund with a loss of 10.5%. Market Vectors Nuclear Energy ETF gained 1.4%.

The day has seen no change in the indicators or chart patterns so I’ll just make it short and say that both the intermediate and short term ratings remain BEARISH.

As for the immediate direction of least resistance, I will go with the lateral although it looks like the Index is preparing for another move to the up side.

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