LAS VEGAS, June 21, 2007 (PRIME NEWSWIRE) -- CanAm Uranium Corp. (OTCBB:CAUI) announces that BUYINS.NET, www.buyins.net, is reiterating coverage of CanAm Uranium Corporation after releasing the latest short sale data to June 2007. From December 2006 to June 2007 approximately 54.8 million total aggregate shares of CAUI have traded for a total dollar value of nearly $53.7 million. The total aggregate number of shares shorted in this time period is approximately 4.2 million shares. The CAUI SqueezeTrigger price of $0.98 is the volume weighted average short price of all short selling in CAUI. The first of several short squeezes is expected to begin when shares of CAUI close above $0.69. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Month Total Vol. Short Vol. Avg. Price Short $ Value ----- ---------- ---------- ---------- ------------- December '06 129,076 9,939 $ 0.96 $ 9,492 January '07 160,880 12,388 $ 1.03 $ 12,697 February 120,200 9,255 $ 1.14 $ 10,551 March 9,664,498 744,166 $ 1.24 $ 924,627 April 17,585,832 1,354,109 $ 1.14 $ 1,543,684 May 13,666,735 1,052,339 $ 0.87 $ 918,165 June 13,438,500 1,034,765 $ 0.69 $ 715,333 Total: 54,765,721 4,216,961 $ 0.98 $ 4,134,549 *short volume is approximated using a proprietary algorithm. **average short price is calculated using a volume weighted average short price. ***short volume is the total short trade volume and does not account for covers.
About CanAm Uranium Corporation
CanAm Uranium Corporation is a Nevada incorporated junior resource company with a corporate objective focused on the strategic acquisition and development of exploration properties in well-known prolific mining areas, especially known for uranium, of Canada, Southern Africa, Australia and the United States. CanAm Uranium Corp. has optioned over 159,000 acres of claims collectively within the Saskatchewan Athabasca Basin, Ontario and British Columbia, with significant interest in prolific uranium mining areas. http://www.CanAmUranium.com.
About BUYINS.NET
WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded U.S. companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. BUYINS.NET has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade-by-trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 1,400,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like BUYINS.NET to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and Pink Sheets stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
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