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Syrah Resources ( (AU:SYR) ) has issued an update.
Syrah Resources announced an equity capital raising initiative, including a placement of new shares to institutional investors and an entitlement offer for existing shareholders. This move is aimed at strengthening the company’s financial position and supporting its ongoing operations, potentially impacting its market presence and stakeholder interests.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.30 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 is a company operating in the mining industry, focusing on the production and supply of graphite. The company is engaged in activities related to the exploration and development of mineral resources, with a market focus on providing essential materials for various industrial applications.
Average Trading Volume: 5,118,556
Technical Sentiment Signal: Hold
Current Market Cap: A$390.8M
Learn more about SYR stock on TipRanks’ Stock Analysis page.