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.

20 March 2011

Merv's Weekly Commentary 20 Mar 2011

Merv’s Weekly Uranium Review
for week ending 18 March 2011

Merv’s Daily Uranium Index
Market Data for Friday 18 Mar 2011

Open: 193.08
High: 203.57
Low: 189.38
Close: 200.00
Volume: 27082

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

Note that additional charts of the Daily and Weekly Indices were posted earlier and should be viewed during this commentary.

The Canadian Broadcast Corporation (CBC) back in the good old days had a TV program called “That Was The Week That Was”. This was a week we all probably wish never was. Friday was a very good day for uranium stocks but for the week overall it barely made a tint in the Index. It’s going to take some work for the Index to get back on its feet. What to do, oh what to do? Well, if you go over to the site that carries my precious metal commentary you will see a piece on the new S&P/TSX Venture 30 Index and the ETF that is developed to simulate its action. It looks like this may be an ETF for the gambler with a performance that just might exceed the performance of precious metal stocks or uranium stocks. Anyway, take a look see. Go to, click on the commentary link and access the Weekly commentary.

The Merv’s Daily Uranium Index closed on Friday ahead 12.95 points or 6.92%. There were 49 winners (why not the full barrel?), zero losers and one stock totally confused. Cameco gained 4.4%, Denison gained 7.5%, Extract gained 7.7%, Paladin gained 8.5% and Uranium One gained 13.6%. The best daily winner was Uranium Res. with a gain of 33.1% while the loser of the day was – oh wait, there was no loser. Market Vectors Uranium + Nuclear Energy ETF gained 3.9% while Global X Uranium ETF gained 9.2%.

For the full week the story was almost the reverse. The Merv’s Weekly Uranium Index closed the week with a weekly loss of 2011.66 points or 21.15% (the Daily lost 18.11 on the week). There were 3 weekly winners, 47 weekly losers and no stocks confused. Cameco lost 20.3% on the week, Denison lost 19.4%, Extract lost 28.4%, Paladin lost 23.4% and Uranium One lost 34.1% (these, after the good Friday performance). The best weekly winner was Mawson with a gain of 7.8% while the loser of the week was Energy Fuels with a loss of 42.0%. Market Vectors Uranium + Nuclear Energy ETF lost 10.6% on the week while Global X Uranium ETF lost 22.0%.

Let’s just cut to the chase. ALL indicators are negative and ALL ratings are BEARISH. Maybe next week there will be more to say.

As for the immediate direction of least resistance, that’s a toughie. I would normally go with the up side after a performance such as Friday’s BUT this is becoming far more emotional and who knows how those emotions might act on a day to day basis.

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