SYR 0.00% 22.0¢ syrah resources limited

Hey Bayhunter, the graphite market and SYR's project...

  1. 1,106 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
22.0¢
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Mkt cap ! $232.8M
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Buyers (Bids)

No. Vol. Price($)
1 750 25.0¢
 

Sellers (Offers)

Price($) Vol. No.
19.5¢ 808 1
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Last trade - 10.00am 29/11/2024 (20 minute delay) ?
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