CAY is on the move up as buyers put in the hard yards to support price

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