Buyers in control as price kicks higher so watching to lock in some gains

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