Australia's Syrah Resources jumps after Mozambique site access restored

Syrah Resources

05/05/2025 04:15

** Syrah Resources SYR.AX jumps as much as 13.3% to A$0.278, highest since March 24

** Stock posts steepest intraday pct gain since April 10

** Speciality miner says access to its Balama graphite operations in Mozambique was restored over the weekend after protests at the site were cleared by the Mozambique government

** Stock rated "hold" on avg; median PT is A$0.28, per data compiled by LSEG

** SYR last up 12.2%, taking YTD gains to 34.2%

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))