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.

02 March 2011

Merv's Daily Commentary 02 Mar 2011

After The Close, 2 Mar 2011

Merv’s Daily Uranium Index
Market Data

Open: 265.06
High: 268.26
Low: 260.98
Close: 264.36
Volume: 4632

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 in the indicators from yesterday so I’ll just save time again and post the technical data.

The Merv’s Daily Uranium Index closed lower by 0.65 points or 0.25%. There were 12 winners, 31 losers and 7 stocks fooling around. Cameco lost 1.1%, Denison lost 1.4%, Extract gained 6.5%, Paladin lost 0.8% and Uranium One lost 2.0%. The best winner of the day was Terra Ventures with a gain of 7.4% while the loser of the day was Formation Metals with a loss of 6.9%. Market Vectors Uranium + Nuclear Energy ETF lost 0.2% while the Global X Uranium ETF gained 0.3%.

As mentioned above, nothing has changed in the indicators therefore the intermediate term remains BULLISH while the short term remains BEARISH. Looking at the Stochastic Oscillator, although we keep getting down days (very little down) the SO has been continually moving higher and has today entered its positive zone. However, the move does not look very strong, at this time, so I would be a little cautious interpreting anything from this. As for the immediate direction of least resistance I’ll go with the lateral today.

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