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Canyon Resources Limited ( (AU:CAY) ) just unveiled an update.
Canyon Resources Limited has appointed Ernst & Young as its new external auditor, replacing HLB Mann Judd following a board-led review of the company’s audit arrangements and receipt of regulatory consent for the change. The switch to a Big Four firm is intended to better match Canyon’s increasing scale and complexity as it accelerates development toward initial bauxite production, signalling a strengthening of its governance and financial reporting framework ahead of a more operationally intensive phase, with formal ratification of the appointment to be sought at the next annual general meeting.
The most recent analyst rating on (AU:CAY) stock is a Hold with a A$0.18 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 an ASX-listed resources company focused on the exploration and development of bauxite projects, fast-tracking its operations toward first production to capitalise on growing demand in the alumina and aluminium supply chain.
Average Trading Volume: 1,112,769
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$494.9M
For an in-depth examination of CAY stock, go to TipRanks’ Overview page.