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.

08 March 2011

Merv's Daily Commentary 08 Mar 2011

After The Close, 8 Mar 2011

Merv’s Daily Uranium Index
Market Data

Open: 258.49
High: 261.33
Low: 252.36
Close: 257.30
Volume: 6722

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

The Daily Index seems to be bouncing off an up trend support line. How much longer before it either zooms upward or drops below the support is unknown BUT my betting is on a drop below support. After all, the price of uranium took a big hit this week dropping something like $3.50, which for uranium is a big deal. This cannot be good for stocks. However, stocks have a habit of playing the role of lead indicators so if the drop in price of uranium is not to be taken as a serious decline then the stocks should soon reverse. AH! This is where the flip of a coin comes in good and handy.

The Merv’s Daily Uranium Index closed lower by only 0.29 points or 0.11%. There were 17 winners, 29 losers and 4 stocks hiding their heads in shame. Cameco gained 1.2%, Denison lost 5.9%, Extract gained 6.7%, Paladin gained 2.5% and Uranium One lost 2.4%. The best daily winner was Wealth Minerals with a daily gain of 7.5% while the loser of the day was Denison with that 5.9% loss. Market Vectors Uranium + Nuclear Energy ETF gained 0.2% while Global X Uranium ETF lost 0.9%.

With this small daily loss on the Index nothing has changed from yesterday so both the intermediate and long term ratings remain BEARISH. In both cases the next level lower moving average lines have now both crossed below their time period lines to confirm both bear ratings.

As for the immediate direction of least resistance, because of that support line I’ll go with the lateral direction. Flipping the coin confirmed that direction by landing on its edge (yeh, right?).


Don S said...

Is there a good site to get the price of uranuim? It seems like I'm always behind everyone when it comes to price.

Merv said...


I haven't found a good source for daily uranium prices but for weekly prices there are a number of links in the Uranium Links section on the lower left of the front page. You might try the Kitco Metals link for a start.