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Canyon Resources Limited (AU:CAY)
ASX:CAY
Australian Market
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Canyon Resources Limited (CAY) Price & Analysis

28 Followers

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
Low LeverageA debt-free balance sheet reduces refinancing and interest-rate exposure, giving management structural flexibility to fund exploration, permitting and early development via equity or partner funding. This lowers bankruptcy risk and supports multi-year project timelines.
Growing Equity BaseMaterial growth in equity increases the company’s asset base and indicates access to capital markets or investor support, improving its ability to fund exploration and feasibility work. A larger equity base supports credibility with partners and underpins long-term development efforts.
Strategic Resource FocusConcentrated focus on bauxite export markets targets a durable industrial commodity with steady structural demand from the alumina/aluminium value chain. If projects progress to production, stable long-term demand underpins sustainable revenue potential for a development-stage miner.
Bears Say
Pre-revenue StatusThe company remains pre-revenue with materially worsening net losses, meaning intrinsic value hinges on successful conversion of resources to production. Persistent losses erode capital, increase execution risk and raise the barrier for demonstrating a viable, self-sustaining mining operation over the medium term.
Accelerating Cash BurnConsistent and accelerating negative operating and free cash flows create ongoing funding needs. For a development-stage resource company, this elevates reliance on equity raises or JV funding, increases dilution risk, and can delay permitting and construction if capital markets tighten over the next several quarters.
Negative Return On EquityA deeply negative ROE indicates the business is consuming shareholder capital rather than compounding it, reflecting poor capital efficiency. Over time this undermines investor confidence and makes it harder to attract favorable financing unless operational performance reverses or project economics materially improve.

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 169 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

                  1
                  Underperform
                  1
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                  10

                  Technicals

                  SMA
                  Positive
                  20 days / 200 days
                  Momentum
                  65.38%
                  12-Months-Change

                  Fundamentals

                  Return on Equity
                  -26.32%
                  Trailing 12-Months
                  Asset Growth
                  299.47%
                  Trailing 12-Months

                  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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