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.



07 September 2010

Merv's Daily Commentary 07 Sept 2010


After The Close, 07 Sept 2010

Merv’s Daily Uranium Index
Market Data

Open: 163.86
High: 166.25
Low: 161.49
Close: 163.98
Volume: 2402

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 to write about today. Very small Index move and no change in the indicators or ratings.

The Merv’s Daily Uranium Index closed higher by 0.67 points or 0.41%. There were 20 winners, 21 losers and 9 slackers. Cameco lost 0.9%, Extract gained 0.6%, Fronteer lost 0.6%, Paladin lost 0.3% and Uranium One lost 1.4%. The best daily winner was Benton with a gain of 17.7% while the worst daily loser was Xemplar Energy with a loss of 11.1%. Market Vectors Nuclear Energy ETF lost 1.3%.

I’ll stick with my lateral direction as the direction of least resistance for another day.
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