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Canyon Resources Ltd
Buy, Hold or Sell?

Let's analyse Canyon Resources Ltd together

PenkeI guess you are interested in Canyon Resources Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Canyon Resources Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Canyon Resources Ltd (30 sec.)










What can you expect buying and holding a share of Canyon Resources Ltd? (30 sec.)

How much money do you get?

How much money do you get?
A$0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
A$0.04
Expected worth in 1 year
A$0.06
How sure are you?
38.5%

+ What do you gain per year?

Total Gains per Share
A$0.02
Return On Investment
27.1%

For what price can you sell your share?

Current Price per Share
A$0.07
Expected price per share
A$0.071 - A$0.085
How sure are you?
50%

1. Valuation of Canyon Resources Ltd (5 min.)




Live pricePrice per Share (EOD)

A$0.07

Intrinsic Value Per Share

A$-0.15 - A$-0.07

Total Value Per Share

A$-0.11 - A$-0.04

2. Growth of Canyon Resources Ltd (5 min.)




Is Canyon Resources Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$33m$16.5m$6.2b99.7%

How much money is Canyon Resources Ltd making?

Current yearPrevious yearGrowGrow %
Making money-$888.1k-$1.3m$484.1k54.5%
Net Profit Margin-0.2%-88,639.4%--

How much money comes from the company's main activities?

3. Financial Health of Canyon Resources Ltd (5 min.)




4. Comparing to competitors in the Other Industrial Metals & Mining industry (5 min.)




  Industry Rankings (Other Industrial Metals & Mining)  


Richest
#358 / 897

Most Revenue
#288 / 897

Most Profit
#696 / 897

Most Efficient
#770 / 897

What can you expect buying and holding a share of Canyon Resources Ltd? (5 min.)

Welcome investor! Canyon Resources Ltd's management wants to use your money to grow the business. In return you get a share of Canyon Resources Ltd.

What can you expect buying and holding a share of Canyon Resources Ltd?

First you should know what it really means to hold a share of Canyon Resources Ltd. And how you can make/lose money.

Speculation

The Price per Share of Canyon Resources Ltd is A$0.073. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Canyon Resources Ltd.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Canyon Resources Ltd, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$0.04. Based on the TTM, the Book Value Change Per Share is A$0.00 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.00 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Canyon Resources Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps0.00-1.2%-0.52-718.8%-0.50-678.3%-0.19-257.3%-0.09-125.7%
Usd Book Value Change Per Share-13.67-18,727.6%0.004.4%0.001.7%0.001.4%0.000.7%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-13.67-18,727.6%0.004.4%0.001.7%0.001.4%0.000.7%
Usd Price Per Share0.05-0.04-0.04-0.07-0.06-
Price to Earnings Ratio-13.54--4.52--6.04--17.12--23.28-
Price-to-Total Gains Ratio0.00--15.03-151.92-2,534,618.32--1,121,240.97-
Price to Book Ratio2.00-1.45-3.46-9.16-25.62-
Price-to-Total Gains Ratio0.00--15.03-151.92-2,534,618.32--1,121,240.97-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.0476179
Number of shares21000
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.000.00
Usd Total Gains Per Share0.000.00
Gains per Quarter (21000 shares)67.7420.85
Gains per Year (21000 shares)270.9683.38
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1027126108373
205425320167156
308138030250239
40108410740334322
50135513450417405
60162616160500488
70189718870584571
80216821580667654
90243924290750737
100271027000834820

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.03.00.00.0%0.011.00.00.0%0.019.00.00.0%0.039.00.00.0%0.054.00.00.0%
Book Value Change Per Share1.02.00.033.3%4.03.04.036.4%7.05.07.036.8%15.013.011.038.5%22.017.015.040.7%
Dividend per Share0.00.03.00.0%0.00.011.00.0%0.00.019.00.0%0.00.039.00.0%0.00.054.00.0%
Total Gains per Share1.02.00.033.3%4.03.04.036.4%7.05.07.036.8%15.013.011.038.5%22.017.015.040.7%

Fundamentals of Canyon Resources Ltd

About Canyon Resources Ltd

Canyon Resources Limited, together with its subsidiaries, engages in the development and exploration of bauxite properties in West Africa. 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.

Fundamental data was last updated by Penke on 2024-03-29 14:51:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is not making a profit/loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Canyon Resources Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Canyon Resources Ltd earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Canyon Resources Ltd to the Other Industrial Metals & Mining industry mean.
  • A Net Profit Margin of 0.0% means that $0.00 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Canyon Resources Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.2%+0.2%
TTM-0.2%YOY-88,639.4%+88,639.2%
TTM-0.2%5Y-56,525.2%+56,524.9%
5Y-56,525.2%10Y-32,245.9%-24,279.2%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ--35.3%+35.3%
TTM-0.2%-40.5%+40.3%
YOY-88,639.4%-50.7%-88,588.7%
5Y-56,525.2%-330.2%-56,195.0%
10Y-32,245.9%-750.2%-31,495.7%
1.1.2. Return on Assets

Shows how efficient Canyon Resources Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Canyon Resources Ltd to the Other Industrial Metals & Mining industry mean.
  • -3.6% Return on Assets means that Canyon Resources Ltd generated $-0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Canyon Resources Ltd:

  • The MRQ is -3.6%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -2.5%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-3.6%TTM-2.5%-1.2%
TTM-2.5%YOY-8.8%+6.3%
TTM-2.5%5Y-12.7%+10.2%
5Y-12.7%10Y-19.6%+7.0%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-3.6%-6.0%+2.4%
TTM-2.5%-6.8%+4.3%
YOY-8.8%-5.9%-2.9%
5Y-12.7%-9.2%-3.5%
10Y-19.6%-12.0%-7.6%
1.1.3. Return on Equity

Shows how efficient Canyon Resources Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Canyon Resources Ltd to the Other Industrial Metals & Mining industry mean.
  • -3.7% Return on Equity means Canyon Resources Ltd generated $-0.04 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Canyon Resources Ltd:

  • The MRQ is -3.7%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -2.9%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-3.7%TTM-2.9%-0.8%
TTM-2.9%YOY-9.8%+6.9%
TTM-2.9%5Y-13.7%+10.8%
5Y-13.7%10Y-23.2%+9.4%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-3.7%-6.9%+3.2%
TTM-2.9%-7.5%+4.6%
YOY-9.8%-6.1%-3.7%
5Y-13.7%-9.8%-3.9%
10Y-23.2%-12.8%-10.4%

1.2. Operating Efficiency of Canyon Resources Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Canyon Resources Ltd is operating .

  • Measures how much profit Canyon Resources Ltd makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Canyon Resources Ltd to the Other Industrial Metals & Mining industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Canyon Resources Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.2%+0.2%
TTM-0.2%YOY-87,332.5%+87,332.3%
TTM-0.2%5Y-52,289.4%+52,289.2%
5Y-52,289.4%10Y-30,167.9%-22,121.5%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ--285.5%+285.5%
TTM-0.2%-46.7%+46.5%
YOY-87,332.5%-76.4%-87,256.1%
5Y-52,289.4%-361.7%-51,927.7%
10Y-30,167.9%-693.1%-29,474.8%
1.2.2. Operating Ratio

Measures how efficient Canyon Resources Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Canyon Resources Ltd:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM2.125-2.125
TTM2.125YOY917.930-915.805
TTM2.1255Y469.102-466.977
5Y469.10210Y277.186+191.916
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.951-1.951
TTM2.1251.923+0.202
YOY917.9302.082+915.848
5Y469.1024.850+464.252
10Y277.1868.674+268.512

1.3. Liquidity of Canyon Resources Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Canyon Resources Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • A Current Ratio of 41.32 means the company has $41.32 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Canyon Resources Ltd:

  • The MRQ is 41.316. The company is very able to pay all its short-term debts. +2
  • The TTM is 23.936. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ41.316TTM23.936+17.380
TTM23.936YOY10.075+13.860
TTM23.9365Y8.306+15.629
5Y8.30610Y7.014+1.292
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ41.3162.375+38.941
TTM23.9362.609+21.327
YOY10.0753.429+6.646
5Y8.3064.136+4.170
10Y7.0144.566+2.448
1.3.2. Quick Ratio

Measures if Canyon Resources Ltd is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Canyon Resources Ltd to the Other Industrial Metals & Mining industry mean.
  • A Quick Ratio of 40.04 means the company can pay off $40.04 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Canyon Resources Ltd:

  • The MRQ is 40.041. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 23.068. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ40.041TTM23.068+16.973
TTM23.068YOY9.689+13.379
TTM23.0685Y6.810+16.257
5Y6.81010Y4.787+2.024
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ40.0410.893+39.148
TTM23.0680.856+22.212
YOY9.6891.119+8.570
5Y6.8101.324+5.486
10Y4.7871.428+3.359

1.4. Solvency of Canyon Resources Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Canyon Resources Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Canyon Resources Ltd to Other Industrial Metals & Mining industry mean.
  • A Debt to Asset Ratio of 0.02 means that Canyon Resources Ltd assets are financed with 1.5% credit (debt) and the remaining percentage (100% - 1.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Canyon Resources Ltd:

  • The MRQ is 0.015. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.022. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.015TTM0.022-0.007
TTM0.022YOY0.041-0.019
TTM0.0225Y0.056-0.035
5Y0.05610Y0.090-0.034
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0150.192-0.177
TTM0.0220.190-0.168
YOY0.0410.151-0.110
5Y0.0560.212-0.156
10Y0.0900.238-0.148
1.4.2. Debt to Equity Ratio

Measures if Canyon Resources Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Canyon Resources Ltd to the Other Industrial Metals & Mining industry mean.
  • A Debt to Equity ratio of 1.5% means that company has $0.02 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Canyon Resources Ltd:

  • The MRQ is 0.015. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.025. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.015TTM0.025-0.010
TTM0.025YOY0.047-0.022
TTM0.0255Y0.062-0.037
5Y0.06210Y0.108-0.047
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0150.192-0.177
TTM0.0250.207-0.182
YOY0.0470.155-0.108
5Y0.0620.227-0.165
10Y0.1080.249-0.141

2. Market Valuation of Canyon Resources Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Canyon Resources Ltd generates.

  • Above 15 is considered overpriced but always compare Canyon Resources Ltd to the Other Industrial Metals & Mining industry mean.
  • A PE ratio of -13.54 means the investor is paying $-13.54 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Canyon Resources Ltd:

  • The EOD is -13.361. Based on the earnings, the company is expensive. -2
  • The MRQ is -13.544. Based on the earnings, the company is expensive. -2
  • The TTM is -4.523. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-13.361MRQ-13.544+0.183
MRQ-13.544TTM-4.523-9.021
TTM-4.523YOY-6.036+1.512
TTM-4.5235Y-17.124+12.600
5Y-17.12410Y-23.277+6.154
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD-13.361-3.740-9.621
MRQ-13.544-5.000-8.544
TTM-4.523-5.557+1.034
YOY-6.036-8.469+2.433
5Y-17.124-10.469-6.655
10Y-23.277-11.327-11.950
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Canyon Resources Ltd:

  • The EOD is -6.504. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -6.593. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -13.782. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-6.504MRQ-6.593+0.089
MRQ-6.593TTM-13.782+7.189
TTM-13.782YOY-10.346-3.436
TTM-13.7825Y-21.456+7.674
5Y-21.45610Y-33.202+11.745
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD-6.504-3.924-2.580
MRQ-6.593-5.463-1.130
TTM-13.782-6.302-7.480
YOY-10.346-8.457-1.889
5Y-21.456-12.796-8.660
10Y-33.202-13.886-19.316
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Canyon Resources Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • A PB ratio of 2.00 means the investor is paying $2.00 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Canyon Resources Ltd:

  • The EOD is 1.977. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.004. Based on the equity, the company is underpriced. +1
  • The TTM is 1.447. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.977MRQ2.004-0.027
MRQ2.004TTM1.447+0.557
TTM1.447YOY3.456-2.008
TTM1.4475Y9.156-7.709
5Y9.15610Y25.620-16.463
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD1.9771.161+0.816
MRQ2.0041.511+0.493
TTM1.4471.591-0.144
YOY3.4562.243+1.213
5Y9.1562.501+6.655
10Y25.6202.940+22.680
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Canyon Resources Ltd.

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Canyon Resources Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---20.9580.005-423913%0.002-1114295%0.002-1377327%0.001-2573260%
Book Value Per Share--0.0377.018-99%0.018+100%1.119-97%0.547-93%
Current Ratio--41.31623.936+73%10.075+310%8.306+397%7.014+489%
Debt To Asset Ratio--0.0150.022-31%0.041-64%0.056-73%0.090-83%
Debt To Equity Ratio--0.0150.025-39%0.047-67%0.062-75%0.108-86%
Dividend Per Share----0%-0%-0%-0%
Eps---0.001-0.804+58791%-0.759+55476%-0.288+20980%-0.141+10202%
Free Cash Flow Per Share---0.003-0.002-46%-0.002-41%-0.002-46%-0.001-64%
Free Cash Flow To Equity Per Share--0.0150.004+243%0.002+729%0.001+2463%0.000+100%
Gross Profit Margin--1.0001.427-30%1.664-40%1.392-28%1.191-16%
Intrinsic Value_10Y_max---0.073--------
Intrinsic Value_10Y_min---0.151--------
Intrinsic Value_1Y_max---0.005--------
Intrinsic Value_1Y_min---0.009--------
Intrinsic Value_3Y_max---0.016--------
Intrinsic Value_3Y_min---0.032--------
Intrinsic Value_5Y_max---0.029--------
Intrinsic Value_5Y_min---0.061--------
Market Cap100273528.832-1%101647138.81688826778.965+14%82760001.536+23%145096591.468-30%132958402.297-24%
Net Profit Margin----0.0020%-886.3940%-565.2520%-322.4590%
Operating Margin----0.0020%-873.3250%-522.8940%-301.6790%
Operating Ratio---2.125-100%917.930-100%469.102-100%277.186-100%
Pb Ratio1.977-1%2.0041.447+39%3.456-42%9.156-78%25.620-92%
Pe Ratio-13.361+1%-13.544-4.523-67%-6.036-55%-17.124+26%-23.277+72%
Price Per Share0.073-1%0.0740.065+14%0.060+23%0.106-30%0.097-24%
Price To Free Cash Flow Ratio-6.504+1%-6.593-13.782+109%-10.346+57%-21.456+225%-33.202+404%
Price To Total Gains Ratio-0.003+1%-0.004-15.031+425613%151.915-100%2534618.318-100%-1121240.968+31755957596%
Quick Ratio--40.04123.068+74%9.689+313%6.810+488%4.787+736%
Return On Assets---0.036-0.025-32%-0.088+140%-0.127+248%-0.196+439%
Return On Equity---0.037-0.029-21%-0.098+165%-0.137+271%-0.232+526%
Total Gains Per Share---20.9580.005-423913%0.002-1114295%0.002-1377327%0.001-2573260%
Usd Book Value--33078341.7366287936667.555-99%16547311.246+100%1002775867.882-97%490019582.787-93%
Usd Book Value Change Per Share---13.6710.003-423913%0.001-1114295%0.001-1377327%0.001-2573260%
Usd Book Value Per Share--0.0244.578-99%0.012+100%0.730-97%0.357-93%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.001-0.525+58791%-0.495+55476%-0.188+20980%-0.092+10202%
Usd Free Cash Flow---2514054.217-1353643.828-46%-1488272.840-41%-1358550.737-46%-899461.090-64%
Usd Free Cash Flow Per Share---0.002-0.001-46%-0.001-41%-0.001-46%-0.001-64%
Usd Free Cash Flow To Equity Per Share--0.0100.003+243%0.001+729%0.000+2463%0.000+100%
Usd Market Cap65408422.857-1%66304428.65057941707.919+14%53984349.002+23%94646506.614-30%86728765.819-24%
Usd Price Per Share0.048-1%0.0480.042+14%0.039+23%0.069-30%0.063-24%
Usd Profit---1223862.220-888177.333-27%-1372317.709+12%-1583917.916+29%-1103036.866-10%
Usd Revenue---35482945.667-100%1154743.860-100%5848835.419-100%2851078.510-100%
Usd Total Gains Per Share---13.6710.003-423913%0.001-1114295%0.001-1377327%0.001-2573260%
 EOD+3 -5MRQTTM+14 -18YOY+20 -125Y+14 -1810Y+14 -18

4.2. Fundamental Score

Let's check the fundamental score of Canyon Resources Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-13.361
Price to Book Ratio (EOD)Between0-11.977
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than140.041
Current Ratio (MRQ)Greater than141.316
Debt to Asset Ratio (MRQ)Less than10.015
Debt to Equity Ratio (MRQ)Less than10.015
Return on Equity (MRQ)Greater than0.15-0.037
Return on Assets (MRQ)Greater than0.05-0.036
Total4/10 (40.0%)

4.3. Technical Score

Let's check the technical score of Canyon Resources Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.522
Ma 20Greater thanMa 500.076
Ma 50Greater thanMa 1000.075
Ma 100Greater thanMa 2000.072
OpenGreater thanClose0.073
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in AUD. All numbers in thousands.

Summary
Total Assets51,483
Total Liabilities772
Total Stockholder Equity50,710
 As reported
Total Liabilities 772
Total Stockholder Equity+ 50,710
Total Assets = 51,483

Assets

Total Assets51,483
Total Current Assets31,908
Long-term Assets19,575
Total Current Assets
Cash And Cash Equivalents 30,819
Net Receivables 104
Other Current Assets 985
Total Current Assets  (as reported)31,908
Total Current Assets  (calculated)31,908
+/-0
Long-term Assets
Property Plant Equipment 531
Long-term Assets Other 19,044
Long-term Assets  (as reported)19,575
Long-term Assets  (calculated)19,575
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities772
Long-term Liabilities0
Total Stockholder Equity50,710
Total Current Liabilities
Accounts payable 750
Other Current Liabilities 22
Total Current Liabilities  (as reported)772
Total Current Liabilities  (calculated)772
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Common Stock113,112
Retained Earnings -68,882
Accumulated Other Comprehensive Income 6,480
Total Stockholder Equity (as reported)50,710
Total Stockholder Equity (calculated)50,710
+/-0
Other
Cash and Short Term Investments 30,819
Common Stock Shares Outstanding 1,042,348
Liabilities and Stockholders Equity 51,483
Net Debt -30,819
Net Working Capital 31,135



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-12-312023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-31
> Total Assets 
0
0
3,698
3,040
3,040
7,141
7,141
9,988
9,988
8,863
8,863
7,988
7,988
8,243
8,243
7,300
7,300
6,933
6,933
7,068
7,068
4,134
4,134
4,415
4,415
1,678
1,678
1,687
1,687
3,424
3,424
4,609
4,609
3,567
3,567
11,557
11,557
11,235
11,235
14,381
14,381
0
14,595
0
22,738
0
20,385
0
21,092
21,586
21,586
31,189
31,189
29,581
29,581,263
51,483
51,48329,581,26329,58131,18931,18921,58621,58621,092020,385022,738014,595014,38114,38111,23511,23511,55711,5573,5673,5674,6094,6093,4243,4241,6871,6871,6781,6784,4154,4154,1344,1347,0687,0686,9336,9337,3007,3008,2438,2437,9887,9888,8638,8639,9889,9887,1417,1413,0403,0403,69800
   > Total Current Assets 
0
0
0
0
0
0
3,741
0
0
0
3,355
0
0
0
2,162
0
0
0
1,139
0
0
0
727
0
0
1,000
522
559
559
2,291
2,291
3,358
3,358
2,322
2,322
5,875
5,875
2,534
2,534
4,322
4,322
1,977
1,977
8,421
8,421
3,279
3,279
4,320
4,320
4,923
4,923
13,703
13,703
11,310
11,310,489
31,908
31,90811,310,48911,31013,70313,7034,9234,9234,3204,3203,2793,2798,4218,4211,9771,9774,3224,3222,5342,5345,8755,8752,3222,3223,3583,3582,2912,2915595595221,000007270001,1390002,1620003,3550003,741000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
1,463
0
0
0
2,259
0
0
0
2,076
0
0
0
1,014
0
0
0
650
0
0
0
446
471
471
2,216
2,216
3,324
3,324
2,262
2,262
5,483
5,483
2,220
2,220
3,990
3,990
0
1,610
0
7,960
0
2,684
0
3,880
4,478
4,478
13,274
13,274
10,726
10,726,199
30,819
30,81910,726,19910,72613,27413,2744,4784,4783,88002,68407,96001,61003,9903,9902,2202,2205,4835,4832,2622,2623,3243,3242,2162,2164714714460006500001,0140002,0760002,2590001,463000000
       Short-term Investments 
0
0
0
0
0
0
2,070
0
0
0
750
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000000000000000000000000000007500002,070000000
       Net Receivables 
0
0
38
89
89
56
56
107
107
278
278
237
237
10
19
55
55
74
83
31
31
36
36
49
49
31
31
34
34
7
7
6
6
7
7
11
11
14
14
33
33
70
70
115
115
204
204
101
101
51
51
50
50
183
183
104
10418318350505151101101204204115115707033331414111177667734343131494936363131837455551910237237278278107107565689893800
       Other Current Assets 
0
0
14
107
107
31
152
86
86
45
68
50
50
55
67
34
34
45
43
45
45
34
41
26
26
37
44
55
55
68
68
28
28
34
53
381
381
256
256
299
299
234
234
346
346
321
321
339
339
306
393
378,135
378,140
312,220
312,220
985
985312,220312,220378,140378,13539330633933932132134634623423429929925625638138153342828686855554437262641344545434534346755505068458686152311071071400
   > Long-term Assets 
0
0
0
0
0
0
3,400
0
0
0
5,508
0
0
0
6,081
0
0
0
5,794
0
0
0
3,407
0
0
0
1,156
0
0
0
1,133
0
0
0
1,245
0
0
0
8,701
0
0
0
12,618
0
0
0
17,106
0
16,772
16,663
16,663
17,486
17,486
18,271
18,270,774
19,575
19,57518,270,77418,27117,48617,48616,66316,66316,772017,10600012,6180008,7010001,2450001,1330001,1560003,4070005,7940006,0810005,5080003,400000000
       Property Plant Equipment 
0
0
428
386
386
3,400
3,400
3,930
3,930
5,508
5,508
5,821
5,821
6,051
6,051
6,241
6,241
5,740
5,740
6,161
6,161
3,384
3,384
3,369
3,369
1,144
1,144
1,120
1,120
1,120
1,120
1,228
1,228
1,226
1,226
5,667
5,667
8,681
8,681
10,038
10,038
12,572
12,572
14,281
14,281
17,106
17,106
16,772
297
16,663
239
17,486
17,486
18,271
18,270,774
531
53118,270,77418,27117,48617,48623916,66329716,77217,10617,10614,28114,28112,57212,57210,03810,0388,6818,6815,6675,6671,2261,2261,2281,2281,1201,1201,1201,1201,1441,1443,3693,3693,3843,3846,1616,1615,7405,7406,2416,2416,0516,0515,8215,8215,5085,5083,9303,9303,4003,40038638642800
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8
8
12
12
23
23
19
19
15
15
21
21
21
21
0
46
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000046021212121151519192323121288000000000000000000000000000
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
180
180
30
30
48
48
54
54
0
0
23
23
4
4
12
12
8
8
12
12
23
23
19
19
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000001919232312128812124423230054544848303018018000000000000
> Total Liabilities 
0
0
225
246
246
636
636
499
499
471
471
450
450
508
508
223
223
302
302
754
754
527
527
910
910
560
560
273
273
312
312
133
133
264
264
563
563
945
945
565
565
0
1,619
0
1,785
0
1,244
0
1,095
1,183
1,183
857
857
742
741,895
772
772741,8957428578571,1831,1831,09501,24401,78501,619056556594594556356326426413313331231227327356056091091052752775475430230222322350850845045047147149949963663624624622500
   > Total Current Liabilities 
0
0
225
246
246
636
636
499
499
471
471
450
450
508
508
223
223
302
302
754
754
527
527
910
910
560
560
273
273
312
312
133
133
264
264
563
563
945
945
565
565
1,619
1,619
1,785
1,785
1,244
1,244
1,095
1,095
1,183
1,183
857
857
742
741,895
772
772741,8957428578571,1831,1831,0951,0951,2441,2441,7851,7851,6191,61956556594594556356326426413313331231227327356056091091052752775475430230222322350850845045047147149949963663624624622500
       Short-term Debt 
0
0
0
0
0
0
2,070
0
0
0
750
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
241
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000000000000002410000000000000007500002,070000000
       Accounts payable 
0
0
15
246
246
244
244
393
393
212
212
345
345
344
344
184
184
110
110
710
710
221
221
452
452
277
277
225
225
224
224
85
85
143
143
483
483
611
611
444
444
1,052
1,052
1,596
1,596
420
420
1,003
1,003
883
883
848
848
681
680,604
750
750680,6046818488488838831,0031,0034204201,5961,5961,0521,05244444461161148348314314385852242242252252772774524522212217107101101101841843443443453452122123933932442442462461500
       Other Current Liabilities 
0
0
210
0
0
392
392
106
106
259
259
106
106
164
164
39
39
192
192
44
44
307
307
0
0
42
196
48
48
88
88
48
48
23
121
81
81
8
333
121
121
67
567
0
0
620
824
0
92
300
300
9
9
61
61,291
22
2261,2916199300300920824620005676712112133388181121234848888848481964200307307444419219239391641641061062592591061063923920021000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
883
883
0
0
0
0
0
000008838830000000000000000000000000000000000000000000000000
> Total Stockholder Equity
0
0
3,472
2,794
2,794
6,505
6,505
9,489
9,489
8,392
8,392
7,538
7,538
7,735
7,735
7,077
7,077
6,631
6,631
6,314
6,314
3,607
3,607
3,505
3,505
1,118
1,118
1,415
1,415
3,112
3,112
4,476
4,476
3,303
3,303
10,994
10,994
10,290
10,290
13,817
13,817
0
12,976
0
20,953
0
19,142
0
19,997
20,403
20,403
24,043
24,043
21,998
28,839,368
50,710
50,71028,839,36821,99824,04324,04320,40320,40319,997019,142020,953012,976013,81713,81710,29010,29010,99410,9943,3033,3034,4764,4763,1123,1121,4151,4151,1181,1183,5053,5053,6073,6076,3146,3146,6316,6317,0777,0777,7357,7357,5387,5388,3928,3929,4899,4896,5056,5052,7942,7943,47200
   Common Stock
0
0
3,856
3,408
3,408
9,000
9,000
13,832
13,832
15,709
15,709
15,859
15,859
17,514
17,514
17,514
17,514
18,771
18,771
19,602
19,602
19,950
19,949
20,625
20,625
21,628
21,628
23,058
23,058
26,508
26,508
29,354
29,354
29,354
29,354
38,910
38,910
41,463
41,463
47,657
47,657
52,442
52,442
64,696
64,696
66,543
66,543
72,313
72,313
76,733
76,733
88,840
88,840
89,004
89,004,240
113,112
113,11289,004,24089,00488,84088,84076,73376,73372,31372,31366,54366,54364,69664,69652,44252,44247,65747,65741,46341,46338,91038,91029,35429,35429,35429,35426,50826,50823,05823,05821,62821,62820,62520,62519,94919,95019,60219,60218,77118,77117,51417,51417,51417,51415,85915,85915,70915,70913,83213,8329,0009,0003,4083,4083,85600
   Retained Earnings Total Equity00000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
809
0
0
0
709
0
0
0
376
0
0
0
639
0
0
0
772
0
0
0
994
0
0
0
1,676
0
0
0
2,014
0
0
0
5,153
0
0
0
5,380
0
0
0
1,887
0
5,945
5,690
5,690
0
6,289
0
6,841
6,480
6,4806,84106,28905,6905,6905,94501,8870005,3800005,1530002,0140001,676000994000772000639000376000709000809000000
   Capital Surplus 00000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,016
1,016
1,676
1,676
1,771
1,771
2,014
2,014
3,873
3,873
5,153
5,153
5,683
5,683
5,380
5,380
3,637
3,637
1,887
1,887
5,945
5,945
5,690
5,690
-24,043
-24,043
-21,998
-21,998
0
0-21,998-21,998-24,043-24,0435,6905,6905,9455,9451,8871,8873,6373,6375,3805,3805,6835,6835,1535,1533,8733,8732,0142,0141,7711,7711,6761,6761,0161,016000000000000000000000000000



Balance Sheet

Currency in AUD. All numbers in thousands.




Cash Flow

Currency in AUD. All numbers in thousands.




Income Statement

Currency in AUD. All numbers in thousands.


Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue170
Cost of Revenue-59
Gross Profit-59111
 
Operating Income (+$)
Gross Profit-59
Operating Expense-4,566
Operating Income-4,625-4,625
 
Operating Expense (+$)
Research Development0
Selling General Administrative1
Selling And Marketing Expenses4,565
Operating Expense4,5664,566
 
Net Interest Income (+$)
Interest Income19
Interest Expense-3
Other Finance Cost-151
Net Interest Income167
 
Pretax Income (+$)
Operating Income-4,625
Net Interest Income167
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-4,987-4,264
EBIT - interestExpense = -4,629
-4,987
-4,984
Interest Expense3
Earnings Before Interest and Taxes (EBIT)-4,625-4,984
Earnings Before Interest and Taxes (EBITDA)-4,566
 
After tax Income (+$)
Income Before Tax-4,987
Tax Provision-0
Net Income From Continuing Ops-4,987-4,987
Net Income-4,987
Net Income Applicable To Common Shares-4,987
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses4,625
Total Other Income/Expenses Net-361-167
 

Technical Analysis of Canyon Resources Ltd
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Canyon Resources Ltd. The general trend of Canyon Resources Ltd is BULLISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Canyon Resources Ltd's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (57.1%) Bearish trend (-57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Canyon Resources Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 0.077 < 0.083 < 0.085.

The bearish price targets are: 0.071 > 0.071 > 0.071.

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Canyon Resources Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Canyon Resources Ltd. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Canyon Resources Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Canyon Resources Ltd. The current macd is -0.00073999.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Canyon Resources Ltd price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Canyon Resources Ltd. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Canyon Resources Ltd price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Canyon Resources Ltd Daily Moving Average Convergence/Divergence (MACD) ChartCanyon Resources Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Canyon Resources Ltd. The current adx is 18.49.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Canyon Resources Ltd shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Canyon Resources Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Canyon Resources Ltd. The current sar is 0.07914376.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Canyon Resources Ltd Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Canyon Resources Ltd. The current rsi is 44.52. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending down: The RSI is trending down. -1
Canyon Resources Ltd Daily Relative Strength Index (RSI) ChartCanyon Resources Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Canyon Resources Ltd. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Canyon Resources Ltd price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Canyon Resources Ltd Daily Stochastic Oscillator ChartCanyon Resources Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Canyon Resources Ltd. The current cci is -67.37811258.

Canyon Resources Ltd Daily Commodity Channel Index (CCI) ChartCanyon Resources Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Canyon Resources Ltd. The current cmo is -15.32854162.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Canyon Resources Ltd Daily Chande Momentum Oscillator (CMO) ChartCanyon Resources Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Canyon Resources Ltd. The current willr is -71.42857143.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Canyon Resources Ltd is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Canyon Resources Ltd Daily Williams %R ChartCanyon Resources Ltd Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Canyon Resources Ltd.

Canyon Resources Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Canyon Resources Ltd. The current atr is 0.00212758.

Canyon Resources Ltd Daily Average True Range (ATR) ChartCanyon Resources Ltd Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Canyon Resources Ltd. The current obv is -12,495,222.

Canyon Resources Ltd Daily On-Balance Volume (OBV) ChartCanyon Resources Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Canyon Resources Ltd. The current mfi is 49.36.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Canyon Resources Ltd Daily Money Flow Index (MFI) ChartCanyon Resources Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Canyon Resources Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-07WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-08MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-13RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-16RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-23STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-27SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-29WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-05CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-06STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-11STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-12SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-22DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-02DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-03CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-04CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-05MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-08CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-17WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-06CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-09MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-12SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-16RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-23STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-01STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-04SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-13STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-19ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-22CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-25STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-28STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Canyon Resources Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Canyon Resources Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.522
Ma 20Greater thanMa 500.076
Ma 50Greater thanMa 1000.075
Ma 100Greater thanMa 2000.072
OpenGreater thanClose0.073
Total3/5 (60.0%)
Penke

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