Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Syrah Resources ( (AU:SYR) ) has issued an announcement.
Syrah Resources Limited has announced the opening of its retail entitlement offer, which is part of a fully underwritten 1 for 5.42 pro rata accelerated non-renounceable entitlement offer. This offer is designed to raise equity and is open to eligible retail shareholders in Australia and New Zealand. The offer is expected to close on August 20, 2025. This move is likely to impact Syrah’s financial position and could influence its market strategy by potentially increasing its capital base, thereby supporting its operations and expansion plans.
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 Limited is an industrial minerals and technology company listed on the Australian Securities Exchange. The company operates the Balama Graphite Operation in Mozambique and has a downstream Active Anode Material Facility in the United States. Syrah aims to be a leading supplier of high-quality graphite and anode material products, focusing on battery and industrial markets.
Average Trading Volume: 5,762,629
Technical Sentiment Signal: Sell
Current Market Cap: A$281.4M
See more data about SYR stock on TipRanks’ Stock Analysis page.