Will Acacia continue falling, or will it recover to 207p April highs?

• Shares down 33.9% from April highs; Now 138p (at time of writing).
• Can the stock recover recent 207p highs?
• Apr 25: Acacia Mining Q1 Results Missed Estimates
• Shares -48,4% from 2019 highs; +0.1% from 2019 lows; -24.5% year-to-date.
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Acacia Mining– An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 207p. You decide to buy exposure to £10,000 worth of Acacia Mining using a CFD, at the current price of 138p. To do this, you need £2,000.

Let’s assume Acacia Mining recovers back to 207p April highs (+50%). Your profit would be £1100, from your initial investment of £5,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 8% from the current price. Acacia Mining falls 8% and hits your stop-loss. Your loss would be £800.

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