BUZZ-Australia's Syrah Resources jumps after Mozambique site access restored

Reuters
05-05
BUZZ-Australia's Syrah Resources jumps after Mozambique site access restored

** Syrah Resources SYR.AX jumps as much as 13.3% to A$0.278, highest since March 24

** Stock posts steepest intraday pct gain since April 10

** Speciality miner says access to its Balama graphite operations in Mozambique was restored over the weekend after protests at the site were cleared by the Mozambique government

** Stock rated "hold" on avg; median PT is A$0.28, per data compiled by LSEG

** SYR last up 12.2%, taking YTD gains to 34.2%

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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