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.

30 August 2010

Merv's Daily Commentary 30 Aug 2010

After The Close, 30 Aug 2010

Merv’s Daily Uranium Index
Market Data

Open: 158.56
High: 161.06
Low: 156.23
Close: 157.93
Volume: 4075

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 lower by 0.42 points or 0.26%. There were 27 winners, 12 losers and 11 going nowhere. Cameco gained 0.0%, Extract was going nowhere (the difference between Cameco and Extract was that Cameco actually did move higher but by less than 0.1%), Fronteer lost 7.5%, Paladin gained 0.6% and Uranium One gained 2.3%. The best daily winner was Bannerman with a gain of 9.1% while the loser of the day was Continental Precious with a loss of 13.0%. Market Vectors Nuclear Energy ETF lost 0.9%.

Nothing much has happened today. The Daily Index remains in the box and moved very little from last week. The ratings of the week-end still apply. As for the immediate direction of least resistance, I’ll go with the lateral. The coin toss during the week-end did not stand in its edge for a lateral guess so I’ll forgo it today.

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