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.

12 April 2011

Merv's Daily Commemts 12 Apr 2011

After The Close, 12 Apr 2011

Merv’s Daily Uranium Index

Market Data

Open: 196.08

High: 197.54

Low: 188.86

Close: 192.93

Volume: 8634

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 the Daily Index is moving to test that previous low, just above the 170 mark. I would expect the Index to remain above that previous low but would not put any money on it.

The Merv’s Daily Uranium Index closed on the down side today, down 6.20 points or 3.11%. There were only 4 daily winners, 43 losers and 3 stocks bumming around. Cameco lost 2.1%, Denison lost 6.9%, Extract lost 6.7%, Paladin lost 5.4% and Uranium One lost 5.1%. The best winner of the day was Powertech with a gain of 7.7% while the loser of the day was Pitchstone with a loss of 16.7%. Market Vectors Uranium + Nuclear Energy ETF lost 2.7% while Global X Uranium ETF lost 3.8%.

With the negative move on Monday the short term rating went back to the BEARISH side where it remains today. The intermediate term rating has remained BEARISH both days. As for the direction of least resistance, I must go with the down side and see where the Index goes from here.

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