Syrah Resources (OTCMKTS:SYAAF) Stock Price Up 8.6% – Here’s Why

Syrah Resources Limited (OTCMKTS:SYAAF) traded up 8.6% during mid-day trading on Wednesday . The stock traded as high as $0.2150 and last traded at $0.2150. 5,858 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 94,394 shares. The stock had previously closed at $0.1980.

Syrah Resources Stock Performance

The business has a 50 day moving average price of $0.21 and a 200 day moving average price of $0.20.

Syrah Resources Company Profile

Syrah Resources Ltd is an Australia‐based natural resource company focused on the exploration, development and production of high‐grade graphite concentrates and advanced battery materials. Headquartered in West Perth, Western Australia, the company was established in 2009 and listed on the Australian Securities Exchange in 2010. Syrah has positioned itself as a vertically integrated supplier of graphite products crucial to modern energy storage and industrial applications.

At the core of Syrah’s operations is the Balama Graphite Operation in northern Mozambique, one of the world’s largest known graphite mines.