Synlait's share price has been rocketing and has now breached $1. Why?

Synlait's Dunsandel plant makes product for shareholder a2 Milk. (Image: Synlait)

Tue, 18 Feb 2025

Synlait’s rocketing share price is hard to reconcile, an analyst says. Synlait shares have risen steadily in February, but that momentum has picked up steam. On Tuesday morning, Synlait shares breached the $1 mark after starting the year at around 40 cents.Synlait shares rose more than 16.3% in early New Zealand Exchange (NZX) trading to $1.05 on Tuesday, with more than $380,000 worth of shares traded. That rise has perplexed some market watchers, including shareholders, who told BusinessDesk they were concerned the market was n...

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