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Syrah Resources ( (AU:SYR) ) has issued an announcement.
Syrah Resources Limited has announced the issuance of 105,816,485 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) as of August 26, 2025. This move is part of previously announced transactions and is expected to enhance the company’s financial flexibility and market presence, potentially impacting its strategic positioning in the graphite supply chain and offering new opportunities for stakeholders.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.50 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 operates in the mining industry, focusing on the production and supply of graphite products. The company is known for its Balama Graphite Operation in Mozambique, which is one of the largest high-grade graphite deposits globally. Syrah Resources primarily serves the battery anode and industrial sectors, catering to the growing demand for graphite in electric vehicle batteries and other applications.
Average Trading Volume: 5,682,293
Technical Sentiment Signal: Sell
Current Market Cap: A$391.4M
For detailed information about SYR stock, go to TipRanks’ Stock Analysis page.