After The Close, 24 May 2011
Merv’s Daily Uranium Index
Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.
Nothing much is happening. We are just waiting for some action to start that will tell us what’s happening. Until then there will be limited posting.
The Merv’s Daily Uranium Index closed basically neutral with only a loss of 0.03 points or 0.02%. There were 22 winners, 22 losers and 6 bummers. Cameco gained 1.3%, Denison gained 4.6%, Extract 1.3%, Paladin lost 2.7% and Uranium One lost 1.9%. The best winner today was UEX Corp. with a gain of 10.0% while the loser of the day was U308 Corp. with a loss of 8.2%. Market Vectors Uranium + Nuclear Energy ETF lost 1.0% while Global X Uranium ETF gained 1.6%.
As mentioned above, nothing has changed so I’ll fall back with the weekend analysis and commentary.