Risk factor
Very high price volatility
Profitability factor
Favourable analyst view
About
Canyon Resources Limited, together with its associated entities, focuses on the exploration, development, and engineering assessments of bauxite deposits across West Africa. The company's principal asset is the Minim Martap Bauxite project, which is wholly owned and situated in central Cameroon. Founded in 2009, the firm was initially known as Castlemaine Resources Limited before officially adopting the name Canyon Resources Limited in March 2010. Its corporate headquarters are located in West Perth, Australia.
Company Valuation
Considering past and projected metrics, the stock is 'expensive' compared to its peers.
Target Price
The average target price of CAY.AX is 0.15 and suggests 74.4% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to in