Will Centamin continue falling, or will it recover to 93p?

• Shares -7% from recent highs; Now trading 86p (at time of writing).
• Shares already up 1.5% off latest lows
• Can the stock recover to recent 93p highs?
• Shares -36.7% from 2019 highs; +9.3% from 2019 lows; -20.5% year-to-date.
• Safehavens such as Gold and Gold Miners benefiting
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Centamin – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 93p. You decide to buy exposure to £10,000 worth of Centamin using a CFD, at the current price of 86p. To do this, you need £2,000.

Let’s assume Centamin recovers back to 93p (+8.1%). Your profit would be £810, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Centamin falls 3% and hits your stop-loss. Your loss would be £300.

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