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Syrah Resources ( (AU:SYR) ) has issued an announcement.
Syrah Resources has issued 76,989,677 fully paid ordinary shares, with the majority allocated to institutional investors at $0.26 per share, as part of a placement announced on July 30, 2025. This issuance is part of the company’s strategy to strengthen its financial position and support its operations, potentially enhancing its market presence in the graphite and anode material sectors.
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 is an industrial minerals and technology company listed on the Australian Securities Exchange. It operates the Balama Graphite Operation in Mozambique and an Active Anode Material Facility in the United States, with a focus on supplying high-quality graphite and anode materials to battery and industrial markets.
Average Trading Volume: 5,861,640
Technical Sentiment Signal: Hold
Current Market Cap: A$317.9M
Learn more about SYR stock on TipRanks’ Stock Analysis page.