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Canyon Resources Limited ( (AU:CAY) ) just unveiled an announcement.
Canyon Resources Limited has announced the issuance of 3,000,000 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code CAY. This move, resulting from the exercise of options or conversion of convertible securities, is expected to enhance the company’s capital structure and potentially improve its market positioning.
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 on the exploration and development of mineral resources. The company is primarily engaged in the production and supply of bauxite, a key raw material in aluminum production.
Average Trading Volume: 1,398,091
Technical Sentiment Signal: Buy
Current Market Cap: A$360.3M
For a thorough assessment of CAY stock, go to TipRanks’ Stock Analysis page.