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.

27 March 2011

Merv's Weekly Commentary 27 Mar 2011

Merv’s Weekly Uranium Review for week ending 25 March 2011 Merv’s Daily Uranium Index Market Data for Friday 25 Mar 2011 Open: 207.65 High: 212.61 Low: 204.56 Close: 208.73 Volume: 7382 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. Well, it was an up week for uranium stocks but if you look at a chart of the Daily or Weekly Uranium Indices you could hardly notice it. Looking at the two Indices posted earlier they look quite different but it is just how they are constructed. The Daily Index chart shows the weekly data buy combining the 5 daily data into one bar (no, that has nothing to do with alcohol, although that might help). With the Daily chart posted with the weekly data you get the weekly open, high, low and closing prices shown. The Weekly Index is calculated at the end of each week and just shows the one price, the Friday closing price. It has no low or high prices as the Daily chart does and therefore looks different. This was just a space filler as I don’t have much to say this week. The Merv’s Daily Uranium Index closed on Friday with a gain of 1.35 points or 0.65%. There were 18 winners, 26 losers and 6 stocks who don’t know where they belong. Cameco gained 1.2%, Denison gained 1.9%, Extract gained 14.9%, Paladin gained 3.0% and Uranium One lost 0.5%. The best daily winner was Extract with that 14.9% gain while the daily loser was JNR Resources with a loss of 6.5%. Market Vectors Uranium + Nuclear Energy ETF lost 0.4% while Global X Uranium ETF gained 0.1%. For the full week the Merv’s Weekly Uranium Index gained 202.89 points or 2.71% (the Daily Index gained 4.36%). There were 31 weekly winners, 18 losers and only one stock that didn’t know where it belonged. Cameco gained 5.5%, Denison gained 3.9%, Extract gained 24.7%, Paladin gained 6.2% and Uranium One gained 10.7%. The best weekly winner was Energy Fuels with a gain of 27.7% while the loser of the week was Crosshair Exploration with a weekly loss of 17.4%. Market Vectors Uranium + Nuclear Energy ETF gained 3.2% while Global X Uranium ETF gained 5.7%. Looking over the results for the week it looks like the pennies or more speculative stocks are taking the biggest hit. This is to be expected as they moved up the most in recent weeks, before the top, five weeks before the Japanese Disaster. The uranium stocks were already in decline before the disaster giving many speculators (but not all) the signal to get out. I hope most took the advice of the table ratings and in so many cases saved their capital just in time. I always suggest that the intermediate term ratings are the best to go by. Unfortunately, many stocks did not yet give a reversal signal before the disaster so there was some losses. No one could have predicted the disaster. I’m way behind schedule so I’ll cut it short. Same as last week, all indicators for all time periods are negative and all ratings are therefore BEARISH. The advance in the Indices this past week was not nearly enough to change the situation. Let’s hope that so many commentators are wrong when they say that uranium stocks have had it for some time due to the Japanese disaster. Unfortunately, I think they might be right but I’ll keep slugging away at the stocks and Indices just in case.

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