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Canyon Resources Limited ( (AU:CAY) ) has shared an update.
Canyon Resources Limited has announced the issuance of 137,415,183 fully paid ordinary shares to its major shareholder, Eagle Eye Asset Holdings Pte Ltd, following the exercise of unquoted options. This transaction, amounting to A$9.6 million, allows the new shares to be traded immediately under the exemptions provided by the Corporations Act 2001, potentially enhancing liquidity and shareholder value.
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
Average Trading Volume: 1,362,172
Technical Sentiment Signal: Buy
Current Market Cap: A$355.5M
Find detailed analytics on CAY stock on TipRanks’ Stock Analysis page.