Business
The Syrah (ASX:SYR) share price is up 8% today. Here’s why
The Syrah Resources Ltd (ASX: SYR) share price is surging higher today after the company released its December quarterly report and presentation.
Shares in the miner are currently trading 7.9% higher, reaching a price of $1.30 at the time of writing.
Syrah is an Australia-based industrial minerals and technology company. Its two facilities include the Balama graphite project in Mozambique, which has suspended production since March 2020 due to impacts from the COVID-19 pandemic on travel and workforce. The other, which is not yet operational, is the Vidalia facility in Indiana, the United States.
Why is the Syrah share price rising?
A number of points in the quarterly report may be contributing to the Syrah share price rise…
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