Canam Energy, Inc. (CNGJ.PK) Awarded “Speculative Buy” Rating and $1.50 Price Target by Beacon Equity Research
Canam Energy is an emerging player in the uranium mining industry. The Company is focused on acquiring highly prospective properties, primarily uranium, which offer the opportunity for exploitation and development. The Company 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. Nuclear fuel, produced by uranium, is the most efficient fuel for generating electricity. A kilogram of uranium can produce 50,000…