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Canyon Resources Limited ( (AU:CAY) ) has shared an update.
Canyon Resources Limited has announced the issuance of 3,000,000 fully paid ordinary shares following the exercise of unquoted options by its Executive Chairman, Mark Hohnen. This move allows the new shares to be traded immediately under the exemption provided by section 708A(5) of the Corporations Act 2001, indicating compliance with necessary legal provisions and facilitating liquidity for shareholders.
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 is a company listed on the Australian Securities Exchange (ASX: CAY) and is involved in the mining industry. The company focuses on the development and exploration of mineral resources, with a particular emphasis on bauxite projects.
Average Trading Volume: 1,398,091
Technical Sentiment Signal: Buy
Current Market Cap: A$360.3M
For detailed information about CAY stock, go to TipRanks’ Stock Analysis page.