Canyon Resources Limited (CAY) Share Price & Analysis

CAY Stock Chart & Stats

A$0.05A$0.00(4.35%)

At close: Nov 02 12:22 PM GMT+11

Day’s Range: AUD 0.05 - AUD 0.05
52-Week Range: AUD 0.04 - AUD 0.25
Previous Close: AUD 0.05
Volume: N/A
Average Volume (3M): 341.30K
Market Cap: AUD 94.86M
Enterprise Value: AUD 248.35M
Total Cash (Recent Filing): AUD 45.84M
Total Debt (Recent Filing): AUD 108.60M
Price to Earnings (P/E): ―
Beta: 0.89
Next Earnings: Mar 18, 2027 (Est.)
EPS Estimate: N/A
Next Dividend Ex-Date: N/A
Dividend Yield: N/A

Bulls Say, Bears Say

Bulls Say

Project Asset Build

The substantial increase in assets indicates meaningful project investment or asset build around Canyon’s development strategy. If converted into productive bauxite operations, this larger asset base could support future capacity, project financing, and eventual commercialisation of the Minim Martap opportunity.

Stronger Equity Base

A materially larger equity base provides more balance-sheet support for advancing the project and absorbs losses better than the prior year’s position. Although returns remain negative, the increased shareholder capital can help fund development activities and provide some cushion against financial stress.

Improving Operating Burn

Improvement in operating cash burn and losses from the 2025 trough suggests some reduction in the pace of underlying cash consumption. Sustaining that progress would extend funding runway and make future project development more manageable, even though the company remains pre-revenue.

Bears Say

No Commercial Revenue

The absence of revenue shows Canyon has not yet reached commercial operating scale, so its business currently depends on developing assets rather than recurring product sales. This leaves future earnings contingent on successful permitting, feasibility work, construction, and eventual bauxite production.

Large Free Cash Outflow

The very large free cash outflow means Canyon cannot currently self-fund its development program from operations. Continued investment at this level increases reliance on external financing and raises the risk that future capital needs could constrain project timing, ownership, or shareholder returns.

Higher Leverage Without Revenue

Debt has increased sharply while the company remains without operating revenue, creating a difficult mismatch between repayment obligations and current cash generation. Elevated leverage can reduce financial flexibility, increase refinancing exposure, and make funding future development more dependent on project progress.

Canyon Resources Limited News

Canyon Resources Advances Minim Martap Infrastructure as Lender Halts Funding Drawdowns

The latest update is out from Canyon Resources Limited ( ($AU:CAY) ). Canyon Resources advanced key infrastructure for the Minim Martap bauxite project during the September quarter, with 125 of

4d agoCAY

Canyon Resources Sets November Date for Annual General Meeting and Pushes Digital Communications

Canyon Resources Limited ( ($AU:CAY) ) has shared an update. Canyon Resources Limited has called its Annual General Meeting for 30 November 2026 at The Park Business Centre in West

5d agoCAY

Takeovers Panel Finds Unacceptable Circumstances in Canyon Resources Control Battle

The latest update is out from Canyon Resources Limited ( ($AU:CAY) ). Australia’s Takeovers Panel has declared unacceptable circumstances in relation to Canyon Resources Limited following an application by shareholder

6d agoCAY

Canyon Resources Sets AGM Date and Director Nomination Deadline

Canyon Resources Limited ( ($AU:CAY) ) just unveiled an announcement. Canyon Resources Limited has announced that it expects to hold its Annual General Meeting at 2pm WST on Monday, 30

1M agoCAY

Canyon Resources files updated ASX corporate governance disclosures

The latest update is out from Canyon Resources Limited ( ($AU:CAY) ). Canyon Resources Limited has lodged its corporate governance statement for the year ended 30 June 2026 with the

1M agoCAY

Canyon Resources Details Governance Structure in 2026 Annual Report

Canyon Resources Limited ( ($AU:CAY) ) has issued an update. Canyon Resources Limited, an ASX-listed mining and resource development company based in West Perth, Western Australia, operates under a non-executive

1M agoCAY

Canyon Resources takeover bid from A2MP lapses, control status unchanged

The latest announcement is out from Canyon Resources Limited ( ($AU:CAY) ). Canyon Resources has confirmed that an unsolicited, conditional off-market takeover bid by A2MP Investments for all remaining Canyon

1M agoCAY

Canyon Resources Tightens Governance as It Urges Rejection of A2MP Takeover Bid

An announcement from Canyon Resources Limited ( ($AU:CAY) ) is now available. Canyon Resources has strengthened the governance framework around A2MP Investments FZCO’s unsolicited conditional off‑market takeover bid by voluntarily

1M agoCAY

Takeovers Panel Tightens Governance in Canyon Resources Takeover Battle

An update from Canyon Resources Limited ( ($AU:CAY) ) is now available. Australia’s Takeovers Panel has accepted undertakings from Canyon Resources and bidder A2MP Investments aimed at strengthening governance around

1M agoCAY

A2MP lifts control in Canyon Resources as takeover bid conditions remain outstanding

The latest update is out from Canyon Resources Limited ( ($AU:CAY) ). A2MP Investments FZCO has launched an off-market takeover bid for all Canyon Resources Limited shares it does not

1M agoCAY

CAY FAQ

What was Canyon Resources Limited’s price range in the past 12 months?

Canyon Resources Limited lowest share price was AU$0.04 and its highest was AU$0.25 in the past 12 months.

What is Canyon Resources Limited’s market cap?

Canyon Resources Limited’s market cap is AU$94.86M.

When is Canyon Resources Limited’s upcoming earnings report date?

The company’s upcoming earnings report date is not yet available.

How were Canyon Resources Limited’s earnings last quarter?

Canyon Resources Limited released its earnings results on Sep 30, 2026. The company reported -AU$0.002 earnings per share for the quarter.

Is Canyon Resources Limited overvalued?

Not enough analysts have published a price target to calculate whether the price is overvalued.

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$0.002 in its last earnings report. Following the earnings report the stock price went down -2.174%.

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

Underperform

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