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.

29 November 2010

Merv's Daily Commentary 29 Nov 2010

After The Close, 29 Nov 2010

Merv’s Daily Uranium Index
Market Data

Open: 236.62
High: 241.69
Low: 231.06
Close: 238.20
Volume: 16045

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

Nothing has changed today with that very minor upside Index close. More and more one can see the momentum and Stochastic Oscillator indicators turning down, some not yet fully into the down side but in the turning process.

The Merv’s Daily Uranium Index closed the day on the up side with a stupendous advance of 0.14 points or 0.06%. There were 23 winners, 26 losers and only one sleeper. The top 5 stocks all lost ground. Cameco lost 0.0% (on the down side but not enough to show up on the % scale), Denison lost 2.4%, Extract lost 1.2%, Paladin lost 2.4% and Uranium One lost 5.9%. The best winner was Tournigan Energy with a gain of 22.2% while the loser of the day was Bannerman with a loss of 11.3%. Market Vectors Nuclear Energy ETF lost 0.3%.

No comments: