Canam Energy Inc. (CNGJ.PK) Share Prices Increase Over 18% Monday Morning
CNGJ.PK started off the week by increasing 18.75% on over 4,000 traded shares. Recently the company was awarded a “Speculative Buy” rating and $1.50 Price Target by Beacon Equity Research. Canam Energy owns two high-grade uranium properties in Canada, both of which have exploration programs underway and plans to begin drilling during the 2007-2008 season. Its Grand Calumet property consists of 24 claims and 3,000 acres in Grand Calumet Township of Quebec and has great potential to be highly productive. The analyst who completed the report stated, “Focusing just on the Grand Calumet property, a 10% likelihood of finding 1/10th…