Syrah Resources ( (AU:SYR) ) has issued an update.
Syrah Resources announced a change in the director’s interest, with Managing Director and CEO Shaun Verner selling 300,000 shares to meet personal tax obligations. Despite the sale, Mr. Verner retains a significant holding of over 4 million shares and performance rights. This transaction reflects a personal financial decision by the CEO and is not expected to impact the company’s operations or market positioning.
More about Syrah Resources
Syrah Resources Limited 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. The company aims to be a leading supplier of high-quality graphite and anode material products, focusing on adding value in battery and industrial markets.
YTD Price Performance: 14.29%
Average Trading Volume: 69,410
Technical Sentiment Signal: Strong Buy
Current Market Cap: $157.4M
For detailed information about SYR stock, go to TipRanks’ Stock Analysis page.