Syrah Resources (OTCMKTS:SYAAF) Stock Price Up 8.6% – Still a Buy?

Syrah Resources Limited (OTCMKTS:SYAAFGet Free Report) shares were up 8.6% on Monday . The company traded as high as $0.22 and last traded at $0.21. Approximately 13,158 shares changed hands during trading, a decline of 77% from the average daily volume of 56,332 shares. The stock had previously closed at $0.19.

Syrah Resources Stock Performance

The firm has a fifty day moving average price of $0.17 and a two-hundred day moving average price of $0.25.

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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