CAY

CANYON FPO [CAY]
Canyon Resources Limited, together with its subsidiaries, engages in the expedition and development of mineral properties in West Africa. The company mines for bauxite, alumina, and silica. Its flagship property is the 100% owned Minim Martap Bauxite project located in central Cameroon. The company was formerly known as Castlemaine Resources Limited and changed its name to Canyon Resources Limited in March 2010. Canyon Resources Limited was incorporated in 2009 and is based in West Perth, Australia. Canyon Resources Limited operates as a subsidiary of Eagle Eye Asset Holdings Pte Ltd.
Basic Materials · ASX Small Cap
$0.0520 -3.7%

Updated 3 Sep 2026 · Signals refresh every scan

Appeared in 3 consecutive scansFirst seen: 2026-03-10
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Active Signals

Bullish Signals

  • RSI drifting toward oversold territory — worth watching
  • Bollinger Bands are tightening — volatility is coiling up for a potential breakout
  • Beating the Small Ords index — relative strength of 1.11, so it's outpacing the pack
  • Volume-price trend suggests distribution — sellers may be sneaking out while price holds
  • Volatility is expanding fast — choppy price action, so buckle up
  • Strong cash runway (17 quarters)
  • Pre-revenue but well-funded (>$30M cash)
  • EPS estimates revised upward (+10pts)
  • Near 52-week low (2% of range)
  • CANSLIM S: Tight float (29%)
  • Sentiment is mixed — no strong consensus either way
  • This one has been in freefall — down 71% over the past year
  • Pre-revenue company — Altman Z-Score not applicable
  • AUD/USD strong (-2pts)
  • RBA hiking (-3pts)

Risk Signals

  • Below the 200-day average — the long-term trend is still working against it
  • Piotroski F-Score weak (2/9, low-confidence approx)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • The bigger volume days are the down days — volume-weighted momentum is negative (-6.68%/day)
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Recent Catalysts

NONE Third Supplementary Bidder's Statement
NONE Dispatch of Target's Statement and Access Letter
NONE Target's Statement

Recent ASX Announcements

2026-09-02 Third Supplementary Bidder's Statement PRICE SENSITIVE
2026-08-31 Dispatch of Target's Statement and Access Letter
2026-08-31 Target's Statement PRICE SENSITIVE
2026-08-28 TOV: CAY - President Makes Interim Orders PRICE SENSITIVE
2026-08-26 TOV: CAY - Panel Receives Application PRICE SENSITIVE

Key Metrics

$111.4M
Market Cap
1.0M
Avg Volume
1.1x
Vol Ratio
$0.05 — $0.30
52-Week Range
0.1%
Short Interest
N/A
Cash Runway
-27.4%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandpassFloat: 29%
LLeader vs LaggardlaggardRS: -26
IInstitutional SponsorshipweakInst: 1%
MMarket DirectionneutralNeutral

Sector: Basic Materials

537 tickers in this sector

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