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An update from Syrah Resources ( (AU:SYR) ) is now available.
Syrah Resources has resumed natural graphite production at its Balama Graphite Operation in Mozambique after restoring site access. The company plans to increase production to meet the growing demand for its products, particularly outside China, due to global supply disruptions. Syrah is working with local authorities to ensure smooth operations and plans to expedite shipments to ex-China destinations to accelerate cash flow.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.40 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 industrial minerals and technology company. It operates the Balama Graphite Operation in Mozambique and has a downstream Active Anode Material Facility in the United States. The company aims to be a leading supplier of high-quality graphite and anode material products, catering to battery and industrial markets.
Average Trading Volume: 4,443,085
Technical Sentiment Signal: Sell
Current Market Cap: A$276.2M
See more data about SYR stock on TipRanks’ Stock Analysis page.