new-recommended-broker-banner new-recommended-broker-banner
Practice Stock Trading Your capital is at risk

Supply@ME (SYME) Share Price Climbs on Singapore Commodities Trade Enabler Acquisition

Updated: 17 Mar 2021

Shares of fintech platform Supply@ME (LON: SYME) are climbing on Tuesday after the company announced it has signed Heads of Terms to acquire a leading FinTech-powered commodities trade enabler focused on SMEs.

SYME’s share price is trading at 0.502p after a 4.5% rise.

SYME said the acquisition will allow it to complete its global offering by monetising inventory, commodities in particular, “in-transit”.

The UK-based firm said the acquisition will “generate a number of attractive synergy benefits for SYME from both a funding and customer origination perspective.”

The company expects to complete the transaction within the next month. They also plan to issue a trading update before the end of March.

Should you invest in Supply@ME shares? One of the most frequently asked questions we get is, “what stocks are best to buy right now?” It's a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now…

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .