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 April 2011

Merv's Daily Commentary 27 Apr 2011

After The Close, 27 Apr 2011

Merv’s Daily Uranium Index
Market Data

Open: 193.26
High: 195.73
Low: 188.69
Close: 193.67
Volume: 4732

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

I’m just starting to get back on track from the virus attack so today is just the basics. Should be back to normal tomorrow.

The Merv’s Daily Uranium Index closed higher by 0.27 points or 0.14%, barely moved from where it was before the virus attack. There were 20 winners, 25 losers and 5 bumming around. Cameco gained 0.4%, Denison lost 1.8%, Extract was just bumming around, Paladin lost 1.4% and Uranium One gained 3.8%. The best daily winner was Ucore Uranium with a gain of 13.5% while the worst daily loser was Uracan Resources with a loss of 6.7%. Market Vectors Uranium + Nuclear energy ETF gained 0.6% while Global X Uranium ETF gained 0.3%.

We may be getting close to an upside move but I will have more to say tomorrow

No comments: