SYR 1.47% 33.5¢ syrah resources limited

SYR Charts, page-142

  1. 7,990 Posts.
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    No news!!!, what the!!!. Just about every global automaker has come out over the last month and pledged more dollars on EV's ..Since Biden's win US automakers have really ramped up their budgets (I think it was GM that came out last week with another billion on development) , and it's not just EV's, renewal power generators (the other sweet spot) are looking to add batteries to solve latency issues with renewables (solar/wind). And then throw in the ex-china producer thematic. The news is non-stop c/w 2018/20. So what happens is the graphite we are sitting on is steadily increasing in value, despite company specific news being light on, it's coming though.

    I can see retail is still the major seller, retail did all the buying sub 30 cents and continues to flip them out, this current rally is not retail driven which is one of the many reasons I see more upside. . Interesting buyer through Barclays at the moment (corporate interest maybe, we must be a target), I see short covering, but it's not the key driver , we've gone from 22 million shorted last month to around 17 million as of last week, so around 500,000 to 700,000 shares of buying a day is short covering...
 
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Last
33.5¢
Change
-0.005(1.47%)
Mkt cap ! $346.6M
Open High Low Value Volume
33.0¢ 34.0¢ 32.0¢ $1.766M 5.328M

Buyers (Bids)

No. Vol. Price($)
57 608514 33.0¢
 

Sellers (Offers)

Price($) Vol. No.
33.5¢ 192079 17
View Market Depth
Last trade - 11.54am 26/06/2024 (20 minute delay) ?
SYR (ASX) Chart
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