Merv’s Daily Uranium Index
Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.
The volume is slowly getting back into its normal range so the panic phase seems to be over. Now, on with the restoration phase.
The Merv’s Daily Uranium Index closed lower by 1.02 points or 0.48%. There were 15 winners, 32 losers and 3 stocks bumming around. Cameco lost 1.8%, Denison lost 2.5%, Extract lost 2.2%, Paladin gained 5.7% and Uranium One gained 0.2%. The best winner of the day was Pele Mountain with a gain of 20.0% while the loser of the day was Powertech Uranium with a loss of 9.3%. Market Vectors Uranium + Nuclear Energy ETF lost 0.3% while Global X Uranium ETF lost 0.7%.
No change in the indicators or ratings again today so everything is still BEARISH. The immediate direction of least resistance remains lateral for today.