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Canyon Resources Limited ( (AU:CAY) ) has provided an announcement.
Canyon Resources Limited has announced a proposed issue of 790,130,692 ordinary fully paid securities, scheduled for October 2, 2025. This move is part of a placement or other type of issue, which could potentially enhance the company’s capital base and support its operational and strategic initiatives.
The most recent analyst rating on (AU:CAY) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Canyon Resources Limited stock, see the AU:CAY Stock Forecast page.
More about Canyon Resources Limited
Canyon Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction and production of bauxite, a key raw material for aluminum production, and is strategically positioned to serve global markets.
Average Trading Volume: 572,505
Technical Sentiment Signal: Buy
Current Market Cap: A$490.8M
Learn more about CAY stock on TipRanks’ Stock Analysis page.