Syrah Director Sara Watts Increases Stake via Entitlement Offer

Syrah Resources ( (AU:SYR) ) just unveiled an update.

Syrah Resources has disclosed a change in the interests of non-executive director Sara Watts, who holds both direct and indirect stakes in the company’s securities. Her indirect interests are held through Netwealth Investments and trustee entities JESET Pty Ltd and JESET Family Pty Ltd, where she is a director and beneficiary.

Watts increased her direct holding by 105,572 fully paid ordinary shares and her indirect holding by 51,639 shares through participation in the company’s recently announced entitlement offer. Following the transaction, her combined direct and indirect shareholdings have risen materially, signalling stronger personal financial alignment with the company’s equity performance.

The most recent analyst rating on (AU:SYR) stock is a Sell with a A$0.10 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.

More about Syrah Resources

Syrah Resources Limited is an ASX-listed resources company. The company is involved in the exploration and development of mineral resources, with its securities comprising fully paid ordinary shares and non-executive director (NED) rights traded on the Australian market.

Average Trading Volume: 6,862,440

Technical Sentiment Signal: Sell

Current Market Cap: A$265.1M

See more data about SYR stock on TipRanks’ Stock Analysis page.