Australia's Syrah Resources near 5-year low on declaring force majeure at Mozambique project

Syrah Resources

12/12/2024 24:12

** Syrah Resources  SYR.AX  plunges as much as 32.1% to
A$0.18, lowest since March 23, 2020
    ** Stock posts its biggest intraday pct decline since March
18, 2020
    ** Graphite producer declares force majeure at its Balama
Graphite Operation amid post-election civil unrest in Mozambique
    ** About 15.9 mln shares traded vs the 30-day avg of ~5 mln
    ** Stock down 70% YTD


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