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.

28 June 2011

Merv's Daily Uranium Commentary 28 June 2011

After The Close, 28 Jun 2011

Merv’s Daily Uranium Index
Market Data

Open: 163.37
High: 166.19
Low: 161.51
Close: 164.55
Volume: 3446

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

Just a brief note again as nothing is still happening. The one interesting point to note on the chart is that the previous Daily Index support has now become a resistance level. This now seems to be the level to watch for something happening. Until then, relax.

The Merv’s Daily Uranium Index closed the day very slightly on the up side with an advance of 0.42 points or 0.25%. There were 15 winners, 23 losers and a whole lot of stocks not playing the game, 12 of them. Cameco gained 1.2%, Denison lost 2.4% as did Extract, Paladin gained 1.6% and Uranium One lost 1.2%. Market Vectors Uranium + Nuclear Energy ETF gained 0.7% while Global X Uranium ETF gained 0.9%.

All time periods are BEARISH today so no use wasting time on them.

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