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Syrah Resources ( (AU:SYR) ) has issued an announcement.
Syrah Resources has announced a fully underwritten pro-rata accelerated non-renounceable entitlement offer, allowing eligible shareholders to purchase new shares. The offer, underwritten by Jarden Australia and sub-underwritten by AustralianSuper, could potentially increase AustralianSuper’s voting power in the company, depending on the uptake by other shareholders. The entitlement offer is not expected to impact Syrah’s daily operations.
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 an Australian Securities Exchange listed company specializing in industrial minerals and technology. It operates the Balama Graphite Operation in Mozambique and an Active Anode Material Facility in the United States, aiming to be a leading supplier of high-quality graphite and anode materials for battery and industrial markets.
Average Trading Volume: 5,118,556
Technical Sentiment Signal: Hold
Current Market Cap: A$390.8M
For an in-depth examination of SYR stock, go to TipRanks’ Overview page.