Syrah Resources (OTCMKTS:SYAAF) Shares Down 3.7%

Syrah Resources Ltd (OTCMKTS:SYAAF) fell 3.7% during mid-day trading on Tuesday . The company traded as low as $0.28 and last traded at $0.28, 6,400 shares changed hands during mid-day trading. A decline of 80% from the average session volume of 31,724 shares. The stock had previously closed at $0.30.

The company’s 50-day moving average price is $0.30 and its 200 day moving average price is $0.45.

Syrah Resources Company Profile (OTCMKTS:SYAAF)

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.