Buyers on the move so time to look for the entry

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


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.

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