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.

22 November 2010

Merv's Daily Commentary 22 Nov 2010

After The Close, 22 Nov 2010

Merv’s Daily Uranium Index
Market Data

Open: 221.03
High: 224.40
Low: 216.40
Close: 221.60
Volume: 6030

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

Just a quickie today.

A small up day in the uranium markets but without changing any of the week-end ratings so the week-end analysis remains still valid. Although an up day the strength of the daily action was very weak and it’s getting closer to a reversal of some sort. Caution.

The Merv’s Daily Uranium Index closed higher by 2.25 points or 1.02%. There were 26 winners, 21 losers and 3 stocks going nowhere. Cameco lost 0.3%, Denison lost 1.2%, Extract gained 2.4%, Paladin lost 1.3% and Uranium One lost 0.4%. The best winner of the day was Mawson with a gain of 27.6% while the loser of the day was Wealth Minerals with a loss of 9.2%. Market Vectors Nuclear Energy ETF lost 0.4%.


Anonymous said...

Hi Merv,

Technically speaking, what is your opinion on upside potential between Uranium and Gold/Silver? (And potential with the stocks)

U308 is now getting attention after a few dismal years after hedge funds had their way... The industry is looking much brighter from a fundamental perspective.

Gold and Silver have been in a bull market for 9 straight years. It looks like it is not going to stop anytime soon either.

Thanks and keep up the great analysis!

Merv said...

I like both sectors. There are great stocks in both, there will be bummers in both also. I look at the Indices to understand what the whole sector is doing but would not place any money on the behaviour of the Indices. You have to go, in the end, with what the individual stock is doing.