The Syrah Resources Ltd (ASX: SYR) share price is up 2.7% to $1.78 at the time of writing as the small cap minerals and technology company joins mineral exploration company Independence Group NL (ASX: IGO) at the top of the S&P/ASX 200 gains list.
Syrah has continued its share price incline from last week to kick off Monday’s trade in the black and it’s a welcome turnaround for the graphite miner after hitting a five year low on October 26, when it tumbled to a $1.39 close.
Syrah’s share price has had a rough 12 months after the company grappled with production issues, but its plans to return to full production appear to be on track and perhaps investors decided its bottomed-out price was a decent buy?
There are other miners booking share price gains today with copper gold-focused Sandfire Resources NL’s (ASX: SFR) share price up 1.9% to $7.16 at the time of writing and copper-focused OZ Minerals Limited’s (ASX: OZL) share price up 1.5% to $9.40.
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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.