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.

18 August 2010

Merv's Daily Commentary 18 Aug 2010

After The Close, 18 Aug 2010

Merv’s Daily Uranium Index
Market Data

Open: 158.85
High: 162.36
Low: 157.02
Close: 161.17
Volume: 2493

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 higher by 2.37 points or 1.49%. There were 22 winners, 19 losers and 9 sleepers. Cameco gained 1.7%, Extract was asleep, Fronteer gained 13.5%, Paladin lost 2.9% and Uranium One gained 2.7%. The best winner was Quaterra with a gain of 16.5% while the loser was Uracan with a loss of 6.7%. Market Vectors Nuclear Energy ETF gained 1.0%.

Although the market was up nicely today the ratings were already bullish so nothing has changed, both the intermediate and short term ratings remain BULLISH. The direction of least resistance should be to the up side.

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