Canyon Resources Limited ( (AU:CAY) ) has provided an update.
Canyon Resources Limited has addressed a price query from the ASX regarding a recent increase in its share price. The company attributes this change to a positive announcement made on April 28, 2025, regarding the receipt of port access approval for its Minim Martap Bauxite Project, which is a critical step towards the project’s final investment decision. Canyon Resources confirms compliance with ASX listing rules and notes that its share price has stabilized following recent market volatility.
More about Canyon Resources Limited
Canyon Resources Limited operates in the mining industry, focusing on the exploration and development of bauxite resources. The company is primarily engaged in advancing its Minim Martap Bauxite Project, aiming to become a significant player in the bauxite market.
YTD Price Performance: 13.89%
Average Trading Volume: 598,619
Technical Sentiment Signal: Sell
Current Market Cap: A$270.2M
For an in-depth examination of CAY stock, go to TipRanks’ Stock Analysis page.