SYR 10.7% 25.0¢ syrah resources limited

SYR SP Discussion, page-3

  1. 2,569 Posts.
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    Hey Bayhunter, the graphite market and SYR's project fundamentals are as good as they have ever been. There is always that element of sovereign risk with African investments - it is always in the back of my mind - but I believe SYR has done a fantastic job with the local communities and Mozambique Government on that front. I believe the, not totally unexpected recent price retreat, was caused by two factors: the over-exhuberance of EV related input stocks in late 2017 and 2018. Most have been marked down heavily from their highs, including SYR; AND the situation with the downstream plant in Louisana has probably ruffled a few feathers. Otherwise SYR's fundamentals are as good as they ever were. In terms of the shorting, SYR has become the latest play thing for the market heavies - they will eventually short cover and move on to the next target stock in due course. Onwards and upwards.
 
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Last
25.0¢
Change
-0.030(10.7%)
Mkt cap ! $258.7M
Open High Low Value Volume
27.0¢ 27.0¢ 25.0¢ $1.320M 5.179M

Buyers (Bids)

No. Vol. Price($)
30 1220614 25.0¢
 

Sellers (Offers)

Price($) Vol. No.
25.5¢ 259858 3
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Last trade - 16.10pm 02/08/2024 (20 minute delay) ?
SYR (ASX) Chart
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