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Canyon Resources Limited (AU:CAY)
ASX:CAY
Australian Market

Canyon Resources Limited (CAY) Price & Analysis

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CAY Stock Chart & Stats

AU$0.18
AU$0.00(0.00%)
At close: 4:00 PM EST
AU$0.18
AU$0.00(0.00%)

Bulls Say, Bears Say

Bulls Say
Debt-free Balance SheetA zero-debt capital structure materially reduces refinancing and interest-rate risk for an exploration developer. That durable financial flexibility preserves optionality to fund studies or stage development with equity or project financing rather than servicing debt, improving near-term survivability.
Growing Equity BaseA materially larger equity base strengthens the company’s balance sheet and underpins long-term project development activity. For a pre-revenue miner, higher equity reduces immediate solvency risk and improves capacity to fund exploration, studies and permitting without over-reliance on costly short-term debt.
Strategic Bauxite AssetOwning a dedicated bauxite development project aligned to alumina/aluminium supply chains is a structural strength: demand for feedstock is linked to long-term metals markets. Control of a sizable upstream resource provides optionality to capture value as markets or financing windows for commodity projects evolve.
Bears Say
No Revenue And Growing LossesPersistent zero revenue and expanding net losses show the company remains pre-revenue and is consuming capital rather than generating cash. Over a multi-month horizon this magnifies financing risk, delays ability to demonstrate operating economics, and raises the bar for achieving commercial viability.
High And Rising Cash BurnConsistent and worsening negative operating cash flow signals an accelerating funding requirement to sustain exploration and development activities. That persistent burn increases probability of equity dilution or hurried financing, which can compress project timelines and raise long-term financing costs.
Negative Returns On EquitySustained highly negative ROE indicates capital is being eroded rather than compounded, undermining investor returns and making future equity raises more dilutive. Over months this dynamic can limit access to low-cost capital and pressure management to alter strategy or accept less favorable funding terms.

Canyon Resources Limited News

CAY FAQ

What was Canyon Resources Limited’s price range in the past 12 months?
Canyon Resources Limited lowest share price was AU$0.13 and its highest was AU$0.30 in the past 12 months.
    What is Canyon Resources Limited’s market cap?
    Canyon Resources Limited’s market cap is AU$268.07M.
      When is Canyon Resources Limited’s upcoming earnings report date?
      Canyon Resources Limited’s upcoming earnings report date is Oct 05, 2026 which is in 190 days.
        How were Canyon Resources Limited’s earnings last quarter?
        Canyon Resources Limited released its earnings results on Mar 12, 2026. The company reported -AU$0.003 earnings per share for the quarter, missing the consensus estimate of N/A by -AU$0.003.
          Is Canyon Resources Limited overvalued?
          According to Wall Street analysts Canyon Resources Limited’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does Canyon Resources Limited pay dividends?
            Canyon Resources Limited does not currently pay dividends.
            What is Canyon Resources Limited’s EPS estimate?
            Canyon Resources Limited’s EPS estimate for its next earnings report is not yet available.
            How many shares outstanding does Canyon Resources Limited have?
            Canyon Resources Limited has 2,062,115,000 shares outstanding.
              What happened to Canyon Resources Limited’s price movement after its last earnings report?
              Canyon Resources Limited reported an EPS of -AU$0.003 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -3.125%.
                Which hedge fund is a major shareholder of Canyon Resources Limited?
                Currently, no hedge funds are holding shares in AU:CAY
                What is the TipRanks Smart Score and how is it calculated?
                Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                  Canyon Resources Limited Stock Smart Score

                  Company Description

                  Canyon Resources Limited

                  Canyon Resources Limited, together with its subsidiaries, engages in the development and exploration of bauxite properties and engineering studies in West Africa. Its flagship property is the 100% owned Minim Martap Bauxite project located in central Cameroon. The company was formerly known as Castlemaine Resources Limited and changed its name to Canyon Resources Limited in March 2010. Canyon Resources Limited was incorporated in 2009 and is based in West Perth, Australia.

                  Canyon Resources Limited (CAY) Earnings & Revenues

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