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Symphony (SYM) Shares Surged 2.85% Today, Here’s Why

Simon Mugo trader
Updated 28 Sep 2020

Practice Stock Trading
Symphony environmental

Shares of Symphony Environmental Technologies plc (LON: SYM) today surged higher after the company announced that its 100ml biodegradable plastic security bags were being trialled at several airports.

The security bags use Symphony’s d2w biodegradable plastic technology and will be trialled at three airports operated by AGS Airports Ltd; the airports are located in Glasgow, Aberdeen and Southampton.

AGS Airports decided to use Symphony’s plastic bags as part of efforts to reduce its carbon footprint with the ultimate goal of achieving net-zero carbon emissions by 2050.

Michael Laurier, Symphony’s CEO said: “We are delighted Enviro-Point has embraced d2w as their technology of choice for the new oxo-biodegradable 100 ml security bag, supplied to AGS Airports Ltd, because it allows passengers to keep using the best product for the job, without the environmental consequences associated with plastic”.

Symphony environmental share price

Tradingview chart of Symphony share price 28092020

Symphony shares today surged 2.85% to trade at 28.8p having risen from Friday’s closing price of 28p.

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Simon has over six years of professional trading experience across FX, commodities and equities. He has a strong passion for financial markets and is particularly focused on price action trading