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The latest update is out from Canyon Resources Limited ( (AU:CAY) ).
Canyon Resources Limited has announced the quotation of 136,923,077 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code CAY. This move is part of previously announced transactions and is expected to enhance the company’s financial flexibility, potentially impacting its market positioning and stakeholder interests positively.
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 primarily on the exploration and development of bauxite resources. The company is strategically positioned to capitalize on the growing demand for bauxite, a key raw material in aluminum production.
Average Trading Volume: 622,029
Technical Sentiment Signal: Buy
Current Market Cap: A$473M
For detailed information about CAY stock, go to TipRanks’ Stock Analysis page.