Will SolGold continue falling, or will it recover to 40p?

• Shares -20% from yesterday’s highs; Now trading 28.1p (at time of writing).
• Can the stock recover to recent 40p highs?
• Shares -30.4% from 2019 highs; +0.0% from 2019 lows; -21.5% year-to-date.
• 30 May: Shares plunge after regional exploration update
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading SolGold – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 40p. You decide to buy exposure to £10,000 worth of SolGold using a CFD, at the current price of 28.1p. To do this, you need £2,000.

Let’s assume SolGold recovers back to 40p (+42%). Your profit would be £4200, 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. SolGold falls 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.