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Polymetal increased its stake in Veduga gold deposit to 74.3%

• The chart shows Polymetal share price movements since April.
• The current share price is 681p (at time of writing).
• Shares -30% from 2018 highs; +15% from 2018 lows; -26% year-to-date
• Analysts at Panmure Gordon expects the company to exceed its full-year guidance, which is currently around 1.55 million ounces.
• FX tailwinds and company’s track record of delivering on new projects support positive momentum in shares.
• Source: Bloomberg, FT, Reuters, DJ Newswires

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Trading Polymetal – An Example

Let’s say you think that Polymetal is likely to rise as a result of this news. You decide to buy exposure to £10,000 worth of Polymetal using a CFD, at the current price of 681p. To do this, you need £2,000.

For the purpose of this example, let’s assume the Polymetal share price rises by 10% following the news. Your profit would be £1,000, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Polymetal shares fall back 5% and hits your stop-loss. Your loss would be £500

This is provided for information purposes only. It should not be taken as a recommendation.