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 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%.