Merv’s Daily Uranium Index
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.