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.

20 September 2010

Merv's Daily Commentary 20 Sept 2010

After The Close, 20 Sept 2010

Merv’s Daily Uranium Index
Market Data

Open: 167.26
High: 170.09
Low: 164.59
Close: 166.94
Volume: 4298

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

This was one of the most boring days as far as the activity in the Daily Uranium Index is concerned. The Index barely moved and the up and down stocks were an even split. Maybe something will happen tomorrow to get the juices flowing.

The Merv’s Daily Uranium Index closed the day barely on the down side by 0.05 points or 0.03%. There were 22 winners and 22 losers with 6 sleepers. Cameco gained 0.9%, Extract lost 3.1%, Fronteer lost 4.2%, Paladin gained 1.1% and Uranium One gained 1.0%. The best daily winner was Uranium Resources with a gain of 11.6% while the worst daily loser was Forsys Metals with a loss of 9.1%. Market Vectors Nuclear Energy ETF gained 0.8%.

Nothing has changed from the week-end so all time periods remain BULLISH. As for the immediate direction of least resistance, I guess I’ll stick with the down side for another day.

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