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.

01 May 2011

Merv's Weekly Commentary 01 May 2011

Merv’s Weekly Uranium Review
for week ending 29 April 2011

Merv’s Daily Uranium Index
Market Data for Friday 29 Apr 2011

Open: 189.91
High: 192.26
Low: 186.21
Close: 189.47
Volume: 3629

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 Indices were posted earlier and should be viewed during this commentary.

It’s been one thing after another these past couple of weeks. No sooner did I survive a second major virus attack in less than two weeks but on Thursday we had a severe wind which broke one of my 2 foot diameter trees which in turn ripped out my power, phone and internet cable. Well, I’m back sort of on track but late. With fingers crossed here goes for this weekend review. It might be shorter than usual but I’m sure you will all understand. Next week should be back to normal, although I’m not sure what normal is anymore. I’m getting too old for this run around. Where, oh where are those multi-million dollar Lotto Quebec winnings when you really need them?

As you can see on the various charts, uranium stocks were already in declines days or weeks before the problems in Japan. After the sharp plunge and recovery the uranium stocks have been steadily moving in a downward manner with lower highs and lower lows, but not at any serious strength. I would be inclined to think that at the worst the Daily Index might get as low as testing the previous low before finally bottoming out. However, it’s just as possible to bottom out earlier as the downside strength is just very weak. I guess flipping a coin is as good predictor as any at this time.

The Merv’s Daily Uranium Index closed lower on Friday by 1.18 points or 0.62%. There were 19 winners, 23 losers and 8 stocks bumming around. Cameco lost 0.3%, Denison gained 0.9%, Extract lost 7.6%, Paladin gained 1.2% and Uranium One was just bumming around. The best daily winner was Kivalliq Energy with a gain of 15.9% while the worst daily loser was Laramide with a loss of 12.7%. Market Vectors Uranium + Nuclear Energy ETF gained 0.5% while Global X Uranium ETF lost 1.2%.

For the full week the Merv’s Weekly Uranium Index lost 331.98 points or 4.86% (the Daily lost only 3.07% on the week). The speculative stocks continue to take the worst beating. There were 11 weekly winners, 36 losers and 3 bumming around. Cameco gained 0.5% on the week, Denison lost 3.9%, Extract lost 15.8%, Paladin lost 8.3% and Uranium One lost 0.8%. The best weekly winner was Kavalliq with a gain of 21.8% while the worst weekly loser was Laramide with a loss of 20.4%. Market Vectors Uranium + Nuclear Energy ETF gained 2.2% while Global X Uranium ETF lost 4.03%.

I’m trying to save some time today. ALL indicators are in negative territory and all moving average and trigger lines are negative. Therefore the ratings for all three time periods are BEARISH. As for the direction of least resistance, that is still to the down side but not emphatically. The down side might just end shortly but in the mean time that’s the direction.

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