Syrah Resources (OTCMKTS:SYAAF) Shares Down 4.6% – What’s Next?

Shares of Syrah Resources Limited (OTCMKTS:SYAAFGet Free Report) traded down 4.6% on Wednesday . The company traded as low as $0.16 and last traded at $0.16. 63,585 shares traded hands during trading, an increase of 17% from the average session volume of 54,307 shares. The stock had previously closed at $0.17.

Syrah Resources Stock Performance

The firm’s 50 day simple moving average is $0.18 and its 200-day simple moving average is $0.21.

Syrah Resources Company Profile

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Syrah Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties in Australia, China, Europe, India, the Americas, and internationally. It operates through Balama and Vidalia segments. The company's flagship project is the Balama graphite and vanadium project located in Cabo Delgado Province, Mozambique.

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