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 September 2010

Merv's Daily Commentary 30 Sept 2010

After The Close, 30 Sept 2010

Merv’s Daily Uranium Index
Market Data

Open: 175.98
High: 177.49
Low: 170.40
Close: 173.94
Volume: 4978

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

The action today was mostly below yesterday’s close but not necessarily all on the down side. By the end of the day the Daily Index recovered half of its decline so one just might consider the Index being in an up direction at the end of the day. Whether this will flow over into tomorrow is still to be seen but very often the direction of motion at the end of one day continues into the next. Otherwise, nothing has yet changed in the indicators or ratings.

The Merv’s Daily Uranium Index closed lower by 1.98 points or 1.13%. There were 10 winners, 32 losers and 8 sleepers. Cameco gained 0.2%, Extract was a sleeper, Fronteer lost 2.1%, Paladin lost 3.5% and Uranium One was another sleeper. The best daily winner was CanAlaska with a gain of 11.1% while the worst loser was Uracan with a loss of 8.3%. Market Vectors Nuclear Energy ETF lost 0.8%.

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