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Canyon Resources Limited ( (AU:CAY) ) just unveiled an announcement.
Canyon Resources Limited has announced the issuance of 113,129,082 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing projects, potentially impacting its market positioning and providing opportunities for 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 primarily on the exploration and development of mineral resources. The company is known for its efforts in advancing projects related to bauxite and other minerals, aiming to strengthen its position in the global market.
Average Trading Volume: 632,894
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$355.5M
Find detailed analytics on CAY stock on TipRanks’ Stock Analysis page.