BUZZ-Australia's Syrah Resources near 5-year low on declaring force majeure at Mozambique project

Reuters

2024/12/12

** Syrah Resources SYR.AX plunges as much as 32.1% to A$0.18, lowest since March 23, 2020

** Stock posts its biggest intraday pct decline since March 18, 2020

** Graphite producer declares force majeure at its Balama Graphite Operation amid post-election civil unrest in Mozambique

** About 15.9 mln shares traded vs the 30-day avg of ~5 mln

** Stock down 70% YTD

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))

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