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Syrah Resources ( (AU:SYR) ) has issued an update.
Syrah Resources Limited announced a change in the director’s interest notice, specifically involving Shaun Verner, a director of the company. The change involves the acquisition of 71,500 fully paid ordinary shares through participation in an Entitlement Offer. This adjustment reflects the director’s increased stake in the company, potentially signaling confidence in its future prospects and aligning with shareholder interests.
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 is a company operating in the mining industry, primarily focused on the production and supply of graphite products. The company is known for its Balama Graphite Operation in Mozambique, which positions it as a significant player in the global graphite market.
Average Trading Volume: 5,655,950
Technical Sentiment Signal: Hold
Current Market Cap: A$364.2M
See more insights into SYR stock on TipRanks’ Stock Analysis page.