Canyon Resources (ASX:CAY) 6-Month Price Index : 1.11 (As of Jun. 07, 2024)

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What is Canyon Resources 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-06-07), Canyon Resources's 6-Month Price Index is 1.11.

Competitive Comparison of Canyon Resources's 6-Month Price Index

For the Other Industrial Metals & Mining subindustry, Canyon Resources's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canyon Resources (ASX:CAY) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index

Current Share Price

Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Canyon Resources (ASX:CAY) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Canyon Resources 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Canyon Resources's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Canyon Resources (ASX:CAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canyon Resources Ltd (ASX:CAY) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

N/A

Address

945 Wellington Street, West Perth, Perth, WA, AUS, 6005

Website

https://www.canyonresources.com.au

Canyon Resources Ltd is an bauxite resource development and exploration focused on expediting the development of the very high grade Minim Martap Bauxite project in central Cameroon. The company's mineral exploration projects in Burkina Faso cover an area that includes the Tao project, the Pinarello project, Taparko North Project, Derosa Project, Konkolikan Project, the Minim Martap project, and the Birsok project.

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