Hartley’s Research has a “speculative buy" on Canyon Resources and a 12-month price target of 13¢ a share.
Canyon has entered into a joint venture (JV) agreement to acquire up to an initial 75 per cent interest in the Birsok Bauxite Project in central Cameroon.
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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.