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Canyon Resources Limited ( (AU:CAY) ) has issued an announcement.
Canyon Resources Limited has announced the quotation of 123,741,836 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of July 1, 2025. This move is part of the company’s strategy to strengthen its financial position and potentially increase its market presence, which could have significant implications for its operations and stakeholders.
The most recent analyst rating on (AU:CAY) stock is a Buy with a A$0.35 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 bauxite resources. The company is primarily engaged in the identification and extraction of mineral deposits, with a market focus on expanding its resource base and enhancing shareholder value.
Average Trading Volume: 605,998
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$412.1M
See more insights into CAY stock on TipRanks’ Stock Analysis page.