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.

03 February 2011

Merv's Daily Commentary 03 Feb 2011

After The Close, 03 Feb 2011

Merv’s Daily Uranium Index
Market Data

Open: 280.10
High: 283.84
Low: 274.41
Close: 280.65
Volume: 17451

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

Again not much to write about today. All indicators and ratings remain as they were yesterday, all BULLISH.

Just one observation, today’s candlestick is very close to what is called a “hanging man”. I say very close as it does not quite conform to a pure reading of the candlestick. Still it is close enough that one might take caution due to its possible interpretation. A “hanging man” candlestick is a bearish candlestick if it is at the top of a bull trend. Just an observation for now but it is interesting.

The Merv’s Daily Uranium Index closed higher by 7.10 points or 2.60%. Looking at it another way it only closed higher by 0.55 points from the opening price to the close so after the open it basically went nowhere. Just another observation. This observation is interesting when one observes that 4 of the 5 largest stocks closed on the down side. Cameco lost 0.1%, Denison gained 0.3%, Extract lost 2.5%, Paladin lost 2.7% and Uranium One lost 0.6%. The best daily winner was Fronteer Gold with a gain of 39.7% while the loser of the day was Global Uranium Fund with a loss of 4.6%. Market Vectors Nuclear Energy ETF gained 1.4% while Global X Uranium ETF lost 1.2%.

Fronteer Gold has sold all of its uranium assets to Paladin and now is being taken over by Newmont Mining. It will be deleted from the Indices on the week-end. Replacement is yet to be determined.


Anonymous said...


Love the site and appreciate the analysis. I have comments on two companies: 1) Is there a reason you don't include Pitchstone Exploration (CVE:PXP) in the index? And 2) Do you still consider Quest to be a Uranium company now that their main focus is on rare earth elements?


Anonymous said...

I'd like you to consider including the movement of Uranium Participation in your daily review. It's a good proxie for the sector, I think. Also,thanks for the website; I learn a lot from your posts.

Got A Watch said...

Merv, thanks, much, for all your work. I think you (and Bill Cara) have probably taught me all a trader really needs to know to make money trading resource stocks.

God Bless you, and thanks again.

I would like to suggest you write a trading book that lays out your methods, for reference. Let me be the first to pre-order a copy.

In the mean time, I read the Blog every day, and it's always a positive experience.

Anonymous said...

I second the suggestion to review U participation units. In the absence of exchange-traded info, it acts to some degree as a proxy for the price of uranium. As well, I am long U and looking to benefit (on the cheap) from your expertise ;)

I check your blog daily and direct anyone I talk to about uranium to the site.

Thanks Merv.

Merv said...

Pitchstone is in, for now. Quest is out, for now.

Ur. Part. is being considered for daily comment. It use to be but dropped out as other stocks took over in the top 5 category.

I had written a technical course many years ago but have never published it. It was going to be a classroom seminar series but did not come to pastr. Now, they are a dime a dozen.