Syrah Resources Limited (SRHYY)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Syrah Resources Limited (SRHYY) trades at $0.11 with AI Score 54/100 (Grade B). Syrah Resources Limited is an Australian mineral exploration and development company focused on graphite. Market cap: $126.62M, Sector: Basic materials.
Price live · AI analysis from Mar 18, 2026Analyst Coverage for SRHYY: SRHYY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates SRHYY against Basic Materials peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
SRHYY: the 6 perspectives are evenly split. Dominant signal: Seth Klarman bearish.
How is this calculated? →Syrah Resources Limited (SRHYY) Materials & Commodity Exposure
Syrah Resources Limited focuses on graphite production and downstream active anode material development. Its Balama project in Mozambique positions it as a significant player in the graphite market, serving the electric vehicle battery supply chain amidst increasing global demand for battery materials. The company also develops downstream Vidalia active anode material opportunities.
What Is the Investment Thesis for SRHYY?
Syrah Resources presents a compelling, albeit high-risk, investment thesis centered on its Balama graphite project and its potential to capitalize on the growing demand for battery materials. The company's large graphite reserves and its strategic location offer a competitive advantage. Key value drivers include increasing graphite prices, expanding production capacity at Balama, and successful development of its Vidalia AAM facility. However, the company's negative profit and gross margins (-2938.6% and -1016.1% respectively) highlight significant operational challenges. The beta of 0.68 suggests lower volatility than the market. Successful execution of its downstream processing strategy and navigating geopolitical risks in Mozambique are crucial for realizing its long-term potential.
Based on FMP financials and quantitative analysis
SRHYY Key Highlights
- Market capitalization of $126.62M reflects investor sentiment regarding its growth potential in the graphite market.
- Negative P/E ratio of -0.97 indicates current unprofitability, but potential for future earnings growth.
- Gross margin of -1016.1% highlights the operational challenges and high production costs associated with the Balama project.
- Beta of 0.68 suggests lower volatility compared to the overall market, potentially appealing to risk-averse investors.
- Operates the Balama Graphite Project, one of the world's largest graphite deposits, positioning it as a key supplier to the EV battery market.
Who Are SRHYY's Competitors?
SRHYY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ADBRF Aldebaran Resources Inc. | $1.76 | -7.37% | $199.13M | 44 |
| BSSMF Greenwing Resources Ltd | $0.04 | +0.00% | $11.30M | 48 |
| EMOTF Emerita Resources Corp. | $0.23 | +0.00% | $69.71M | 44 |
| GSCCF ioneer Ltd | $0.10 | -7.27% | $313.61M | 42 |
| ARRRF Ardea Resources Limited | $0.30 | +10.00% | $65.26M | 64 |
| UAMY United States Antimony Corporation | $7.43 | -3.51% | $1.10B | 64 |
| ABAT American Battery Technology Company | $2.81 | +1.81% | $295.15M | 64 |
| GTMLF Green Technology Metals Limited | $0.01 | +0.00% | $8.28M | 64 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are SRHYY's Key Strengths?
- Large graphite reserves at the Balama project.
- Strategic location of the Balama project.
- Potential for vertical integration.
- Established customer relationships.
What Are SRHYY's Weaknesses?
- Negative profit and gross margins.
- Operational challenges at the Balama project.
- Geopolitical risks in Mozambique.
- Dependence on graphite prices.
What Could Drive SRHYY Stock Higher?
- Potential increase in graphite prices due to rising demand from the EV battery market.
- Expansion of production capacity at the Balama Graphite Project.
- Development of the Vidalia Active Anode Material (AAM) facility.
- Securing long-term offtake agreements with battery manufacturers.
- Technological advancements in graphite processing and AAM production.
What Are the Key Risks for SRHYY?
- Financial-distress signal — its Altman Z-Score of -1.72 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-30.6%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Fluctuations in graphite prices can impact revenue and profitability.
- Competition from other graphite producers may erode market share.
- Geopolitical instability in Mozambique poses operational risks.
- Technological advancements in battery technology could reduce demand for graphite.
- Negative profit and gross margins indicate financial instability.
What Are the Growth Opportunities for SRHYY?
- Expansion of Balama Graphite Production: Syrah has the potential to increase production capacity at its Balama project to meet growing demand. This expansion could involve optimizing existing operations, investing in new equipment, and securing additional offtake agreements with battery manufacturers. Increased production volume would directly translate to higher revenue and improved economies of scale, potentially leading to profitability. The graphite market is projected to reach $24.4 billion by 2027, offering a substantial opportunity for Syrah.
- Development of Vidalia Active Anode Material (AAM) Facility: Syrah's Vidalia project represents a strategic move towards downstream processing and value addition. By producing AAM, a key component of lithium-ion batteries, Syrah can capture a larger share of the battery supply chain. Successful development of the Vidalia facility would reduce its reliance on raw graphite sales and improve its profit margins. The AAM market is expected to grow rapidly, driven by demand from battery manufacturers.
- Securing Long-Term Offtake Agreements: Securing long-term offtake agreements with major battery manufacturers and automotive companies is crucial for Syrah's revenue visibility and financial stability. These agreements provide a guaranteed market for its graphite and AAM products, reducing its exposure to price fluctuations and demand volatility. Long-term partnerships also foster collaboration and innovation, potentially leading to new product development and market opportunities.
- Geographic Diversification: Expanding its customer base beyond its current markets (China, Europe, India, the Americas) can mitigate geopolitical risks and reduce its dependence on specific regions. Exploring new markets in Asia, Africa, and South America could provide access to new customers and growth opportunities. Geographic diversification would also enhance its resilience to regional economic downturns and trade disruptions.
- Technological Innovation: Investing in research and development to improve its graphite processing techniques and develop new AAM products can enhance its competitive advantage. This could involve exploring new methods for purifying graphite, reducing energy consumption, and improving the performance of its AAM products. Technological innovation would also enable it to meet the evolving needs of battery manufacturers and stay ahead of the competition.
What Opportunities Does SRHYY Have?
- Growing demand for graphite in the EV battery market.
- Expansion of production capacity at Balama.
- Development of the Vidalia AAM facility.
- Securing long-term offtake agreements.
What Threats Does SRHYY Face?
- Fluctuations in graphite prices.
- Competition from other graphite producers.
- Geopolitical instability in Mozambique.
- Technological advancements in battery technology.
What Are SRHYY's Competitive Advantages?
- Large graphite reserves at the Balama project.
- Strategic location of the Balama project in Mozambique.
- Potential for vertical integration through downstream processing of active anode material.
- Established relationships with customers in key markets.
What Does SRHYY Do?
Syrah Resources Limited, incorporated in 2007 and headquartered in Melbourne, Australia, is a mineral exploration and development company with a primary focus on graphite. The company's flagship project is the Balama Graphite and Vanadium Project, located in the Cabo Delgado Province of Mozambique. Balama is one of the largest graphite deposits globally, positioning Syrah as a key supplier in the rapidly growing electric vehicle (EV) battery market. Syrah operates through two segments: Balama, which focuses on graphite mining and production, and Vidalia, which is dedicated to the assessment and development of downstream active anode material opportunities. The company is actively involved in developing downstream processing capabilities to produce active anode material (AAM) from natural flake graphite. Syrah sells its natural graphite products to customers in China, Europe, India, the Americas, and other international markets. The company aims to become a vertically integrated supplier of graphite and AAM to the lithium-ion battery industry.
What Products and Services Does SRHYY Offer?
- Explores and evaluates mineral properties, primarily focusing on graphite.
- Develops mineral properties, including the Balama Graphite Project in Mozambique.
- Produces natural graphite from the Balama project.
- Assesses and develops downstream Vidalia active anode material opportunities.
- Sells natural graphite to customers in various regions, including China, Europe, India, and the Americas.
- Aims to become a vertically integrated supplier of graphite and active anode material to the lithium-ion battery industry.
How Does SRHYY Make Money?
- Mining and processing of graphite ore from the Balama project.
- Selling natural graphite to industrial customers.
- Developing downstream processing capabilities to produce active anode material.
- Seeking long-term offtake agreements with battery manufacturers.
What Industry Does SRHYY Operate In?
Syrah Resources operates within the industrial materials sector, specifically targeting the graphite market. The demand for graphite is being driven by the increasing adoption of electric vehicles and energy storage systems, which rely heavily on lithium-ion batteries. The competitive landscape includes companies like ADBRF, BSSMF, EGMMF, EMOTF, and GSCCF, which are also involved in graphite mining or processing. The graphite market is expected to grow significantly in the coming years, driven by the electrification trend and increasing demand for battery materials.
Who Are SRHYY's Key Customers?
- Lithium-ion battery manufacturers.
- Automotive companies producing electric vehicles.
- Industrial consumers of graphite in various applications.
- Customers in China, Europe, India, the Americas, and other international markets.
Syrah Resources Limited (SRHYY) Valuation Context
Valued at $126.62M, SRHYY is classified as a micro-cap stock. Relative to its peer group, SRHYY's quantitative score of 54/100 is roughly in line with the peer average of 48/100.
SRHYY Revenue & Earnings Trend
In Q4 2025, SRHYY generated $31.4M in top-line revenue, marking a sequential increase of 1473.4%. The company recorded a net loss of $39.4M, with diluted EPS of $-0.03. Quarter-over-quarter revenue has been mixed, typical for a micro-cap company operating in Basic Materials. Across the four most recent quarters, SRHYY averaged $-0.04 in diluted EPS.
Company Profile
Syrah Resources Limited operates in the Industrial Materials industry within the Basic Materials sector. It is headquartered in Melbourne, AU. The company is led by CEO Shaun Verner. SRHYY has traded publicly since 2017.
ROE -31%Key Financial Metrics
Return on equity for Syrah Resources Limited stands at -30.6%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -14.0%, showing how much profit it generates from its asset base. Its free cash flow yield is -75.8%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.67 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is -93.9%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 3/9Financial Health
Syrah Resources Limited's Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -1.72 places it in the distress zone, a signal of elevated financial risk.
FY2026 estForward Outlook
Wall Street analysts project Syrah Resources Limited revenue of about $162.1M for fiscal 2026, with EPS near $0.00. The estimate reflects 3 contributing analysts.
SRHYY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in Syrah's future prospects, aligning interests of management with shareholders.
- The electric vehicle market continues to grow, increasing demand for graphite, a key component in EV batteries, potentially benefiting Syrah.
- Community sentiment indicates growing optimism around Syrah's ability to capitalize on the increasing demand for battery materials.
- Market perception of Syrah as a key player in the battery supply chain is improving, driven by global electrification trends.
Bear Case
- Bearish community views express concern over Syrah's operational challenges in the past, questioning their ability to scale production effectively.
- Recent market developments suggest increased competition in the graphite market, potentially impacting Syrah's market share and profitability.
- Community sentiment reveals worries about potential supply chain disruptions affecting Syrah's ability to meet demand.
- Market perception reflects concerns about the long-term sustainability of graphite mining and its environmental impact, which could negatively affect Syrah's reputation.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q4 2025 | $31M | -$39M | -$0.03 |
| Q2 2025 | $2M | -$60M | -$0.06 |
| Q4 2024 | $6M | -$26M | -$0.03 |
| Q2 2024 | $10M | -$34M | -$0.04 |
Based on FMP financials and quantitative analysis
SRHYY Latest News
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Tesla Keeps Syrah Graphite Deal Alive
Yahoo! Finance: SRHYY News · Jun 1, 2026
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Tesla Backs Off Threat to Cancel Australian Graphite Supply Agreement, Syrah Stock Pops Over 23%
Yahoo! Finance: SRHYY News · Jun 1, 2026
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Stocks That Hit 52-Week Lows On Wednesday
· Oct 9, 2019
SRHYY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for SRHYY.
Price Targets
Wall Street price target analysis for SRHYY.
SRHYY MoonshotScore
What does this score mean?
The MoonshotScore rates SRHYY's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Shaun Verner
Managing Director and CEO
Shaun Verner is the Managing Director and CEO of Syrah Resources Limited. His background includes extensive experience in the mining and resources sector, with a focus on project development, operations, and corporate strategy. He has held leadership positions in various mining companies, overseeing large-scale projects and driving operational improvements. His experience includes roles in base metals and bulk commodities. Verner's expertise spans across technical, commercial, and financial aspects of the mining industry.
Track Record: Under Shaun Verner's leadership, Syrah Resources has focused on optimizing operations at the Balama Graphite Project and advancing the development of the Vidalia AAM facility. Key milestones include increasing production capacity at Balama and securing funding for the Vidalia project. He has also focused on strengthening relationships with key customers and stakeholders. His strategic decisions have aimed to position Syrah as a leading supplier of graphite and AAM to the lithium-ion battery industry.
Syrah Resources Limited ADR Information Unsponsored
An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company trading on U.S. stock exchanges. SRHYY is an ADR, meaning it allows U.S. investors to invest in Syrah Resources Limited without directly dealing with foreign exchanges. The ADR represents a specific number of Syrah Resources' ordinary shares held by a depositary bank.
- Home Market Ticker: Australian Securities Exchange (ASX), Australia
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: SRHY
SRHYY OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Syrah Resources Limited (SRHYY) may not meet the minimum financial standards required for higher tiers like OTCQX or OTCQB. Companies on this tier often have limited reporting requirements and may be subject to greater risks due to less stringent regulatory oversight. Trading on the OTC Other tier can result in wider bid-ask spreads and lower liquidity compared to stocks listed on major exchanges such as the NYSE or NASDAQ.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure and transparency.
- Lower liquidity and wider bid-ask spreads.
- Potential for higher price volatility.
- Increased risk of fraud or manipulation.
- Limited regulatory oversight compared to major exchanges.
- Verify the company's financial statements and SEC filings (if any).
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Evaluate the company's growth prospects and potential risks.
- Check for any legal or regulatory issues involving the company.
- Monitor trading volume and bid-ask spreads.
- Consult with a financial advisor before investing.
- Company's history and track record.
- Positive news coverage and analyst ratings (if available).
- Existence of a credible management team.
- Clear business model and revenue generation strategy.
- Presence of institutional investors (if any).
What Investors Ask About Syrah Resources Limited (SRHYY) — Basic Materials
What does Syrah Resources Limited do?
Syrah Resources Limited is a mineral exploration and development company focused on graphite production. Its primary asset is the Balama Graphite Project in Mozambique, one of the largest graphite deposits globally. The company extracts and processes graphite, selling it to various industrial customers, including those in the lithium-ion battery market. Syrah is also developing downstream processing capabilities to produce active anode material (AAM), a key component in EV batteries, aiming to become a vertically integrated supplier.
What do analysts say about SRHYY stock?
Analyst coverage of SRHYY stock is limited due to its OTC listing and smaller market capitalization. However, the general sentiment is cautiously optimistic, driven by the long-term growth potential of the graphite market and Syrah's strategic position as a major supplier. Key valuation metrics to watch include revenue growth, gross margin improvement, and progress in developing the Vidalia AAM facility. Investors should conduct their own due diligence and consider the risks associated with investing in a small-cap OTC stock.
What are the main risks for SRHYY?
The main risks for Syrah Resources include fluctuations in graphite prices, operational challenges at the Balama project, and geopolitical instability in Mozambique. The company's negative profit and gross margins highlight its financial vulnerability. Competition from other graphite producers and technological advancements in battery technology also pose threats. Additionally, as an OTC-listed stock, SRHYY is subject to lower liquidity and greater price volatility compared to stocks listed on major exchanges.
What are the key factors to evaluate for SRHYY?
Syrah Resources Limited (SRHYY) holds an AI score of 54/100 (moderate). Not financial advice.
How frequently does SRHYY data refresh on this page?
SRHYY prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven SRHYY's recent stock price performance?
Syrah Resources Limited (SRHYY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Large graphite reserves at the Balama project. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider SRHYY overvalued or undervalued right now?
Valuing Syrah Resources Limited (SRHYY) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying SRHYY?
Before investing in Syrah Resources Limited (SRHYY), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for SRHYY. Financial data is limited and may not be fully up-to-date.