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.

17 January 2011

Merv's Daily Commentary 17 Jan 2011

After The Close, 17 Jan 2011

Merv’s Daily Uranium Index
Market Data

Open: 255.59
High: 261.31
Low: 252.64
Close: 258.51
Volume: 6217

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

Today’s action has been limited by the fact that the U.S. markets were closed and most of the major players were away. Nothing has changed in the indicators from the week-end and all time period ratings remain BULLISH.

The Merv’s Daily Uranium Index closed higher by 2.43 points or 0.95%. There were 32 winners, 8 losers and 10 sleepers, mostly on the American Exchanges which did not trade today. Cameco gained 0.2%, Denison gained 0.3%, Extract lost 2.8%, Paladin gained 0.2% and Uranium One gained 1.7%. The best winner of the day was Powertech Uranium with a gain of 30.4% while the loser of the day was Ucore Uranium with a loss of 4.4%. The Market Vectors and Global X ETFs did not trade today.

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