Syrah Resources Ltd (OTCMKTS:SYAAF) traded down 3.2% on Monday . The stock traded as low as $0.57 and last traded at $0.61. 50,680 shares were traded during mid-day trading, an increase of 90% from the average session volume of 26,667 shares. The stock had previously closed at $0.63.
The stock’s 50 day moving average is $0.78.
About Syrah Resources (OTCMKTS:SYAAF)
Syrah Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties in Mozambique. Its principal project is the Balama Graphite and Vanadium project located in the Cabo Delgado province of northern Mozambique. The company also produces spherical graphite through downstream strategy, which is used to manufacture anodes for lithium ion batteries; and natural graphite recarburisers that are used in the steel making and iron casting industries.
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