Canyon Resources Limited (AU:CAY)
ASX:CAY
Want to see AU:CAY full AI Analyst Report?
Top Page
Canyon Resources Limited
(Sydney:CAY)
Select Model
Select Model
Rating:43Neutral
Price Target:
AU$0.12
▼(-35.56% Downside)
Action:Reiterated
Date:05/27/26
The score is driven down primarily by extremely weak financial performance (no revenue, deepening losses, and rising cash burn), reinforced by bearish technical signals (below all major moving averages with negative MACD). Low leverage (no reported debt) provides some stability, but valuation support is limited given ongoing losses and no dividend data.
Positive Factors
Low Leverage / Zero Debt
A zero-debt balance sheet materially reduces refinancing and interest-rate risk for a pre-revenue explorer. This durability gives the company flexibility to fund staged development via equity or project finance, lowering near-term solvency risk during extended project timelines.
Negative Factors
No Revenue / Pre-revenue Status
Sustained zero revenue across multiple years signals continued dependency on external capital rather than operating cash generation. Over months this elevates execution and financing risk, as the company must convert projects to production or repeatedly raise funds, risking dilution.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Zero Debt
A zero-debt balance sheet materially reduces refinancing and interest-rate risk for a pre-revenue explorer. This durability gives the company flexibility to fund staged development via equity or project finance, lowering near-term solvency risk during extended project timelines.
Read all positive factors
Canyon Resources Limited (CAY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$268.07M
Dividend YieldN/A
Average Volume (3M)1.42M
Price to Earnings (P/E)―
Beta (1Y)1.52
Revenue GrowthN/A
EPS Growth-6.36%
CountryAU
Employees8
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding2,062,115,000
10 Day Avg. Volume2,136,652
30 Day Avg. Volume1,422,347
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)7.75
Price to Sales (P/S)0.00
P/FCF Ratio-19.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.25Price Target Upside38.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.01
Revenue Forecast (FY)AU$5.43M
Canyon Resources Limited Business Overview & Revenue Model
Company Description
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 cent...
How the Company Makes Money
null...
Canyon Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -383.67K | -294.25K | -97.50K | -59.45K | -84.79K | -99.96K |
| EBITDA | -10.33M | -13.23M | -9.44M | -4.93M | -12.69M | -4.65M |
| Net Income | -18.11M | -20.18M | -9.54M | -4.99M | -12.78M | -4.75M |
Balance Sheet | ||||||
| Total Assets | 164.15M | 51.56M | 44.54M | 29.58M | 21.59M | 20.39M |
| Cash, Cash Equivalents and Short-Term Investments | 85.82M | 11.48M | 22.17M | 10.73M | 4.48M | 2.68M |
| Total Debt | 63.58M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 71.63M | 6.50M | 667.54K | 741.89K | 1.18M | 1.24M |
| Stockholders Equity | 92.52M | 45.06M | 43.87M | 28.84M | 20.40M | 19.14M |
Cash Flow | ||||||
| Free Cash Flow | -52.16M | -17.84M | -13.08M | -5.93M | -8.24M | -8.30M |
| Operating Cash Flow | -19.80M | -17.69M | -9.57M | -4.55M | -7.98M | -3.28M |
| Investing Cash Flow | -41.63M | -11.08M | -3.50M | -1.38M | -126.75K | -5.02M |
| Financing Cash Flow | 132.10M | 18.51M | 24.43M | 12.18M | 10.13M | 9.33M |
Canyon Resources Limited Technical Analysis
Negative
0.18
Price Trends
0.14
Negative
0.16
Negative
0.19
Negative
Market Momentum
>-0.01
Positive
46.45
Neutral
42.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CAY, the sentiment is Negative. The current price of 0.18 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.14, and below the 200-day MA of 0.19, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.45 is Neutral, neither overbought nor oversold. The STOCH value of 42.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CAY.
Canyon Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | AU$464.52M | 0.16 | 81.38% | ― | 23.11% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$426.37M | -14.07 | -63.51% | ― | ― | 12.13% | |
49 Neutral | AU$577.61M | -48.30 | -54.08% | ― | ― | 18.29% | |
47 Neutral | AU$172.13M | -4.37 | -12.76% | ― | ― | 17.61% | |
43 Neutral | AU$268.07M | -13.51 | -26.32% | ― | ― | -6.36% |
* Basic Materials Sector Average
AU:CAY
Canyon Resources Limited
0.13
-0.13
-50.00%
AU:SVM
Sovereign Metals Limited
0.65
0.02
3.17%
AU:MMI
Metro Mining Limited
1.51
0.29
23.77%
AU:MAU
Magnetic Resources NL
1.96
0.21
11.71%
AU:LOT
Lotus Resources Limited
0.63
-1.38
-68.69%
Canyon Resources Limited Corporate Events
Canyon tightens grip on logistics as Minim Martap heads toward first bauxite shipment
May 8, 2026
Canyon Resources has deepened its control over critical logistics for the Minim Martap Bauxite Project by raising its stake in Cameroon rail operator Camrail from 9.1% to 26.9% and acquiring a 42.8% interest in Terminal Bois du Port de Douala, ope...
Canyon pushes Minim Martap into execution phase as first bauxite shipment nears
Apr 22, 2026
Canyon Resources has moved its Minim Martap Bauxite Project in Cameroon into a key execution phase, with a surface miner mobilised and trial mining set to start in the second quarter of 2026. Critical haul road, rail and port infrastructure upgrad...
Canyon Resources Discloses Director Scott Phegan’s Exit and Lack of Shareholdings
Apr 12, 2026
Canyon Resources Limited has announced the departure of director Scott Phegan, effective 10 April 2026, in a regulatory filing to the ASX. The filing confirms that Phegan holds no relevant interests in Canyon’s securities, either directly, i...
Canyon Resources Flags Key Risks and Uncertainties for Minim Martap Bauxite Project
Mar 23, 2026
Canyon Resources has issued a detailed presentation dated 23 March 2026 outlining key assumptions, risks and uncertainties surrounding the development of its Minim Martap Bauxite Project and associated financial forecasts. The company emphasises t...
Canyon Resources Releases Interim Financial Report for Half-Year 2025
Mar 12, 2026
Canyon Resources Limited has released its interim financial report for the half-year ended 31 December 2025, including the directors’ report, financial statements, and the independent auditor’s review. The document outlines the company...
Canyon Resources Confirms Funding and Timetable for 2026 Minim Martap Bauxite Launch
Mar 10, 2026
Canyon Resources has advanced development of its Minim Martap Bauxite Project in Cameroon, with a surface miner now mobilised and mining scheduled to start before the end of March, targeting first bauxite production in early Q2 2026. The company i...
Canyon Resources Cancels Second Tranche of Planned Share Placement
Mar 9, 2026
Canyon Resources Limited has notified the ASX that its earlier filing for a proposed issue of securities via a placement has been formally cancelled. The move follows the company’s confirmation that shareholder approval was not obtained for ...
Canyon Resources Shareholders Reject Key Capital and Governance Resolutions
Mar 9, 2026
Canyon Resources shareholders voted on three ordinary resolutions at a general meeting held on 9 March 2026, all of which failed to secure sufficient support on a poll. The defeated items included the issue of Tranche 2 placement shares to EEA wit...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.