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.

10 June 2010

Merv's Daily Commentary 10 June 2010

After The Close, 10 Jun 2010

Merv’s Daily Uranium Index
Market Data

Open: 147.12
High: 149.51
Low: 145.20
Close: 147.51
Volume: 3685

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

I’d say that was pretty much a lateral day. It still looks like the Index is slowly going through a turning process but another day or so is still required to getr a better idea.

The Merv’s Daily Uranium Index closed higher by 1.32 points or 0.90%. There were 22 winners, 18 losers and 10 scared to move. Cameco gained 1.6%, Extract lost 2.5%, Fronteer lost 1.1%, Paladin gained 5.8% and Uranium One gained 0.5%. The best gainer of the day was Xemplar Energy with a gain of 11.1% while the worst loser was Terra Ventures with a loss of 11.8%. Market Vectors Nuclear Energy ETF gained 2.4%.

Today’s upside move did nothing for the indicators or ratings so I’ll just simplify the analysis and say both the intermediate and short term ratings remain BEARISH.

As for the immediate direction of least resistance, I’ll go with the lateral for another day although it continues to look like the up side coming up.

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