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.

16 March 2011

Merv's Daily Commentary 16 Mar 2011

After The Close, 16 Mar 2011

Merv’s Daily Uranium Index
Market Data

Open: 197.73
High: 204.45
Low: 180.31
Close: 185.96
Volume: 34009

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

It looks like speculators are still not brave enough to be getting back into the uranium stocks even though there seem to be some pretty good bargains now. The Daily Index did start the day on the up side but didn’t go very far before turning around and heading lower. It seems to be interested in turning but can’t quite make up its mind yet. One encouraging feature of the day, and we always try to find something to encourage us, was that the daily low did not make a new low but was at a higher level than yesterday. A small plus but anything will do.

The Merv’s Daily Uranium Index closed lower on the day by 8.13 points or 4.19%. There were 11 winners, 37 losers and 2 stocks still not knowing where to go. Cameco lost 8.2%, Denison lost 2.6%, Extract lost 4.6%, Paladin lost 6.9% and Uranium One lost 5.6%. The best winner of the day was Forsys Metals with a gain of 17.6% while the loser of the day was Terra Ventures with a loss of 16.9%. Market Vectors Uranium + Nuclear Energy ETF lost 1.0% while Global X Uranium ETF lost 6.6%.

No change in the indicators or ratings. All time period ratings remain BEARISH. As for the immediate direction of least resistance, I’ll go with the up side again until I get it right.

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