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.

17 May 2011

Merv's Daily Uranium Commentary 17 May 2011

After The Close, 17 May 2011

Merv’s Daily Uranium Index
Market Data

Open: 176.29
High: 178.62
Low: 172.26
Close: 175.49
Volume: 5148

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

Other than we have had a couple more days on the down side, nothing horrible but still on the down side the weekend analysis is still basically valid so I’ll save myself some time and recommend the weekend commentary. All time periods remain BEARISH.

The Merv’s Daily Uranium Index closed today on the down side by 0.80 points or 0.46%. There were 17 winners, 28 losers and 5 bummers. Cameco gained 0.1%, Denison lost 0.5%, Extract gained 3.8%, Paladin gained 1.3% and Uranium One gained 1.6%. The best winner was Forsys with a gain of 10.3% while the loser of the day was Wealth Minerals with a loss of 15.8%. Market Vectors Uranium + Nuclear Energy ETF gained 0.5% while Global X Uranium ETF lost 1.2%.

Hopefully there will be better action ahead to write about.

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