Current Active Alert Management CAY
Time Frame : Daily/Weekly
Sector : Materials/Basic Materials
Key Stats : $81.9 Million Market Cap, VWAP 0.23, ASX Ranking 820, 4 Week Av Turnover $220,566, Current Turnover (Intraday as at time of alert) $220,694.
Company Overview : Canyon Resources Limited (CAY) is a gold resource development and exploration company focusing on West Afica. CAY’s mineral exploration projects in Burkina Faso cover an area of over 4,000 sqkm over 20 permits in the Birimian Greenstone Belts of the West African craton.
Broker Consensus : NONE
CAY – Canyon Resources Limited
CAY is off to a flyer rallying hard Friday after the buy entry triggered at 0.235. We are happy to tighten up the risk level and raise the stop loss to 0.21. We will also be watching closely to see how price reacts up towards resistance around 0.30 to lock in a partial exit.
Stock Code : CAY – Canyon Resources Limited
Company Website : www.canyonresources.com.au
Current Price : 0.245
Previous Buy Entry Level (Trigger Level) : 0.235
New Sell Exit Zone (Stop Loss) : 0.21
Potential 50% Partial Exit Zone (Target) : 0.295
Status : On watch for Continuation and Partial Exit
Original Alert 23/11/18
New Buy Entry Alert CAY
Time Frame : Daily/Weekly
Sector : Materials/Basic Materials
Key Stats : $81.9 Million Market Cap, VWAP 0.23, ASX Ranking 820, 4 Week Av Turnover $220,566, Current Turnover (Intraday as at time of alert) $220,694.
Company Overview : Canyon Resources Limited (CAY) is a gold resource development and exploration company focusing on West Afica. CAY’s mineral exploration projects in Burkina Faso cover an area of over 4,000 sqkm over 20 permits in the Birimian Greenstone Belts of the West African craton.
Broker Consensus : NONE
CAY – Canyon Resources Limited
CAY is on the move up as buyers put in the hard yards to support price. We are happy to enter on a push up through 0.235 and will hold the stop loss at 0.19. If price trades lower at 0.19 prior to entry, we will cancel the alert and re-assess the action.
Stock Code : CAY – Canyon Resources Limited
Company Website : www.canyonresources.com.au
Current Price : 0.23
New Buy Entry Level (Trigger Level) : 0.235
Potential Sell Exit Zone (Stop Loss) : 0.19
Status : On watch for a Buy entry trigger
