BASIC NOTES

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.



23 August 2010

Merv's Daily Commentary 23 Aug 2010


After The Close, 23 Aug 2010

Merv’s Daily Uranium Index
Market Data

Open: 159.81
High: 162.15
Low: 157.47
Close: 158.73
Volume: 2884

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

Nothing much has changed with today’s market action so I just thought I’d show the P&F chart instead of the normal candlestick one. I guess everyone is tired of seeing the same old, same old every day. Nothing much here has changed since last I showed it but it has been quite some time. I haven’t shown the downside projections because that would take us well below zero, and that’s not possible.

The Merv’s Daily Uranium Index closed lower by 0.45 points or 0.28%. There were 14 winners, 26 losers and 10 sleepers. Cameco gained 1.2%, Extract gained 0.8%, Fronteer lost 0.5%, Paladin lost 0.3% and Uranium One lost 2.7%. The best winner was Uracan with a gain of 7.7% while the loser was Forum with a loss of 6.3%. Not much movement today. Maybe tomorrow will be better.
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