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.
It’s over 30 degrees Celsius (that’s about 90 in normal temperature) and with high humidity it is almost unbearable. I guess that’s as good of an excuse as any to cut the commentary short today.
The Daily Index again moved very slightly to the up side but not enough that anyone would notice. Some minor indicator movements but not enough to change any of the ratings from the week-end.
The Merv’s Daily Uranium Index closed 0.15 points higher or 0.09%. There were 17 winners, 19 losers and a whole lot of stocks just sitting around not doing anything. Cameco gained 0.2%, Extract lost 0.8%, Fronteer gained 2.1%, Paladin gained 1.1% and Uranium One was just sitting around. The best winner of the day was Continental Precious with a gain of 10.6% while the loser of the day was Uracan with a loss of 7.1%. Market Vectors Nuclear Energy ETF lost 1.1%.
As mentioned above. The ratings remain as they were on the week-end. The immediate direction of least resistance is once more lateral.
The price of uranium dropped $1.00 this week so it is not helping any.