Syrah Resources (OTCMKTS:SYAAF) Shares Down 5.7%

Syrah Resources Limited (OTCMKTS:SYAAF – Get Free Report) shares dropped 5.7% on Tuesday . The stock traded as low as $0.46 and last traded at $0.48. Approximately 125,451 shares traded hands during mid-day trading, an increase of 40% from the average daily volume of 89,316 shares. The stock had previously closed at $0.51.

Syrah Resources Price Performance

The company has a fifty day moving average of $0.60 and a two-hundred day moving average of $0.99.

About Syrah Resources

Syrah Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties in Mozambique. The company operates through Balama and Vidalia segments. Its flagship project is the Balama graphite and vanadium project located in Cabo Delgado Province, Mozambique.