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Syrah Resources ( (AU:SYR) ) just unveiled an update.
Syrah Resources has reported a change in managing director Shaun Verner’s interests in the company’s securities following the lapse of a tranche of his long-term incentive (LTI) unlisted performance rights granted in 2023. The disclosure to the ASX shows that 289,602 unlisted performance rights held indirectly through a family trust structure have lapsed, reducing Verner’s total indirect performance rights while leaving his substantial holdings of fully paid ordinary shares unchanged, a routine adjustment that reflects performance or vesting conditions under the company’s incentive plan rather than any on-market trading activity.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.23 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 Australian-listed resources company focused on mining and producing graphite and related materials, supplying key inputs to battery and industrial markets.
Average Trading Volume: 5,652,800
Technical Sentiment Signal: Sell
Current Market Cap: A$308.2M
For an in-depth examination of SYR stock, go to TipRanks’ Overview page.