Australia's Syrah Resources hits 4-year low on weaker graphite sales

Syrah Resources

25/07/2024 05:13

** Shares of Syrah Resources  SYR.AX  fall as much as 12.5%
to A$0.263, their lowest since June 29, 2020
    ** Stock posts its biggest intraday percentage decline since
March 15
    ** Graphite miner posts quarterly sales and shipments of 10
kilotonnes (kt) from its Balama Graphite Operation in
Mozambique, down from 15 kt last year 
    ** About 14.4 mln shares change hands, compared with the
30-day average volume of around 5.1 mln
    ** Stock down 57.3% YTD

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))