Syrah Resources Ltd (ASX:SYR) Insider James (Jim) Askew Acquires 100,000 Shares

Syrah Resources Ltd (ASX:SYR) insider James (Jim) Askew purchased 100,000 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were acquired at an average cost of A$0.85 ($0.60) per share, with a total value of A$85,000.00 ($60,283.69).

SYR stock traded up A$0.01 ($0.01) during trading hours on Friday, hitting A$1.02 ($0.72). 4,918,005 shares of the stock were exchanged, compared to its average volume of 2,090,000. The company has a debt-to-equity ratio of 1.26, a current ratio of 5.02 and a quick ratio of 4.78. The firm has a market cap of $351.19 million and a price-to-earnings ratio of -10.97. The firm has a 50-day moving average price of A$0.99. Syrah Resources Ltd has a 12 month low of A$0.80 ($0.57) and a 12 month high of A$3.06 ($2.17).

Syrah Resources Company Profile

Syrah Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties in Mozambique. Its principal project is the Balama Graphite and Vanadium project located in the Cabo Delgado province of northern Mozambique. The company also produces spherical graphite through downstream strategy, which is used to manufacture anodes for lithium ion batteries; and natural graphite recarburisers that are used in the steel making and iron casting industries.

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