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.

14 February 2011

Merv's Daily Commentary 14 Feb 2011

After The Close, 14 Feb 2011

Merv’s Daily Uranium Index
Market Data

Open: 280.27
High: 289.43
Low: 278.05
Close: 284.98
Volume: 8657

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

Well, that was a surprise. All indications were for a continuation of the topping process. I guess the week-end advice (posted this morning) was worth what you paid for it. However, although the Index had a good day the indicators are still holding back so I would give it another day or two before changing my prognosis of what’s to come.

The Merv’s Daily Uranium Index closed higher by 7.00 points or 2.52%. There were 38 winners, 7 losers and 5 stocks stunned and didn’t know what to do. Cameco gained 3.8%, Denison gained 8.1%, Extract gained 0.5%, Paladin gained 1.5% and Uranium One gained 2.9%. The best winner of the day was Uracan with a gain of 9.8%, not even a double digit win with a day like today. The loser of the day was CanAlaska with a loss of only 3.0%. The overall market was pretty thin as far as price movement was concerned. Market Vectors Uranium-Nuclear Energy ETF gained 0.8% while Global X Uranium ETF gained 2.7%.

Nothing has change from the analysis posted earlier today. The Stochastic Oscillator is just about to get back into its positive zone but not quite today. All in all I will leave my earlier post unchanged.


Anonymous said...

Hi Merv,

You posted a long term weekly chart of your index a few months ago. (Since you have started tracking U308) Do you have that in a P&F chart?

Also, I know you track Gold stocks. There is a new company that you may want to add to your tracking list that just started trading last December.
Pretium Resources

The former CEO of Silver Standard purchased the property from Silver Standard.

Merv said...

Pretium is now in my gold directory, Thanks.

My long term Weekly Index goes back several years and a P&F chart could be made with any data BUT I would not be comfortable with a P&F chart made from weekly closing prices only. The best P&F chart I can give is made from my Daily Index which only goes back months before the 2007 top. This I post from time to time, and especially the last bear to bull period.