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Canyon Resources Director Resigns Amid Trading Policy Breach

Story Highlights
  • Canyon Resources Limited announced the resignation of Director Peter Su due to policy non-compliance.
  • The company will enhance monitoring of shareholdings to ensure compliance with trading policies.
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Canyon Resources Director Resigns Amid Trading Policy Breach

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The latest announcement is out from Canyon Resources Limited ( (AU:CAY) ).

Canyon Resources Limited announced the immediate resignation of Director Peter Su due to non-compliance with the company’s Trading Policy. Mr. Su’s trading activities, conducted by Alto Capital and Barclay Wells Limited, were not in accordance with the company’s disclosure requirements. This incident has prompted Canyon to reinforce its Trading Policy among key management personnel and to implement regular reviews of director and officer shareholdings to ensure compliance with ASX Listing Rules.

More about Canyon Resources Limited

Canyon Resources Limited is a company operating in the mining industry, primarily focusing on the exploration and development of bauxite resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker CAY.

YTD Price Performance: 36.11%

Average Trading Volume: 1,222,330

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$347.7M

For an in-depth examination of CAY stock, go to TipRanks’ Stock Analysis page.

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