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 October 2010

Merv's Daily Commentary 07 Oct 2010

After The Close, 07 Oct 2010

Merv’s Daily Uranium Index
Market Data

Open: 175.76
High: 177.71
Low: 171.55
Close: 174.60
Volume: 3979

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

Once more the Daily Index is forming a “box” pattern. Sideways seems to be one of this Indices most favorite directions. There was a very minor decline in the Index today with almost a double of declining issues versus advancing ones. Nothing of significance has hanged in the indicators so the ratings remain BULLISH.

The Merv’s Daily Uranium Index closed lower by 0.40 points or 0.23%. There were 14 winners, 27 losers and 9 stocks running around but going nowhere. Cameco gained 2.0%, Extract lost 1.5%, Fronteer gained 2.7%, Paladin lost 0.8% and Uranium One lost 3.8%. The best winner was CanAlaska with a gain of 10.5% while the loser was Blue Sky Uranium with a loss of 9.8%. Market Vectors Nuclear Energy ETF gained 0.4%.

Full analysis during the week-end.

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