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Potential Buy Entry Alert to Watch CAY
Time Frame : Daily/Weekly
Sector : Materials/Basic Materials
Key Stats : $89.82 Million Market Cap, VWAP 0.235, ASX Ranking 809, 4 Week Av Turnover $107,386, Current Turnover (Intraday as at time of alert) $254,605.
Company Overview : Canyon Resources Limited (CAY) is a gold and bauxite resource development and exploration company focusing on West Africa.
Broker Consensus : Not covered by a major broker
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CAY – Canyon Resources Limited
CAY is on the move today as buyers jump on board to push price up out of consolidation. Action has seen a bit of a pick up in volume over the last few days so we expect to see this continue and price to build the higher low for the buy entry setup.
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Stock Code : CAY – Canyon Resources Limited
Company Website : www.canyonresources.com.au
Current Price : 0.24
Status : On watch for potential higher low and move through 0.30
