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.

21 October 2010

Merv's Daily Commentary 21 Oct 2010

After The Close, 21 Oct 2010

Merv’s Daily Uranium Index
Market Data

Open: 190.80
High: 194.00
Low: 184.04
Close: 187.08
Volume: 8960

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

Up it goes, down it goes. I guess it was yesterday that was the day of knee jerk reaction. Today is just a continuation of the plunge from the other day, only starting at a higher level. Despite these few days of gyrations nothing much has changed as far as the indicators and ratings are concerned as of the day’s closing.

The Merv’s Daily Uranium Index closed lower by 2.08 points or 1.10%. there were 18 winners, 28 losers and 4 stocks going nowhere. Cameco lost 1.5%, Extract lost 0.9%, Fronteer gained 1.1%, Paladin lost 0.3% and Uranium One lost 1.6%. The best winner of the day was Terra Ventures with a gain of 15.6% while the loser of the day was Uranerz Energy with a loss of 9.8%. Market Vectors Nuclear Energy ETF lost 1.1%.

Full review on the week-end.

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