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 July 2011

Merv's Weekly Commentary 17 July 2011

Merv’s Weekly Uranium Review
for week ending 15 July 2011

Merv’s Daily Uranium Index
Market Data for Friday 15 Jul 2011

Open: 171.76
High: 174.03
Low: 169.66
Close: 172.25
Volume: 2906

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 looked like the Daily Index was going to make a move last week but in the end, nothing. Just no enthusiasm by speculators to get anything really going.

It’s too hot for concerted posting so this is a short one. Just the facts.

The Merv’s Daily Uranium Index closed Friday slightly on the up side by 0.93 points or 0.54%. There were 23 winners, 18 losers and 9 bummers. Cameco lost 0.5%, Denison gained 1.1%, Extract was a bummer, Paladin lost 1.2% and Uranium One gained 5.7%. The best winner of the day was Uracan with a gain of 12.5% while the loser of the day was Kivalliq with a loss of 10.3%. Market Vectors Uranium + Nuclear Energy ETF gained 0.9% while Global X Uranium ETF gained 1.2%.

On a weekly basis the Merv’s Weekly Uranium Index closed the week on the up side by 2.17 points or 0.04%. The Daily Index had a weekly loss of 1.19%. There were 22 weekly winners, 26 losers and 2 stocks bumming around. Cameco lost 5.1% on the week, Denison lost 3.7%, Extract lost 2.3%, Paladin lost 5.9% and Uranium One gained 8.6%. The best weekly winner was Titan Uranium with a weekly gain of 14.3% while the worst weekly loser was First Uranium with a weekly loss of 16.0%. Market Vectors Uranium + Nuclear Energy ETF lost 1.5% while Global X uranium ETF lost 2.0%.


Trend: Both Indices are still trending below their respective negatively sloping moving average lines.

Strength: Both momentum indicators are still in their negative zones although they are above their positive trigger lines.

Volume: The Daily Index volume indicator is tracing a lateral trend and is still below its negative trigger line.

The long term rating remains BEARISH.


Trend: The Daily Index has been budding up against its intermediate term moving average line all week and although on an intra-day basis it penetrated the line it just could not close above the line. It remains just below its moving average line and the line remains sloping in a downward direction.

Strength: The momentum indicator has been moving higher since mid-June but remains in its negative zone. It is, however, above its positive sloping trigger line.

Volume: The volume indicator continues to move sideways but has breached its trigger line to the up side by just a smidgeon. The line itself is still in a very gentle downward slope.

The intermediate term rating remains BEARISH, confirmed by the short term moving average line remaining below the intermediate term line.


Trend: The Daily Index has been bouncing above and below its short term moving average line all week. It finished on Friday just above the line. The line itself turned to the up side in late June and remains sloping upwards.

Strength: Since mid-June the short term momentum indicator had been basically moving higher and had moved into its positive zone. It dropped below its neutral line during the week but did close just into its positive zone again. It is, however, below its negatively sloping trigger line.

Volume: The daily volume activity remains pathetically low and has remained below its 15 day average volume all week.

On the short term the rating is BULLISH. The very short term moving average line remains below the short term line for a non-confirmation of this bull at this time.

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