Centamin Q1 Production report well received; shares +8.7% today

• 24 Apr: Q1 production update pleasing says Berenberg
• 24 Apr: Q1 production beat consensus estimates on costs says Peel Hunt
• Current share price 86.8p (at time of writing).
• Shares -36.3% from 2019 highs; +10% from 2019 lows; -20% year-to-date
• Will this production update help the shares recover further?
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Centamin – An Example

Let’s say you think that Centamin is likely to rise further as a result of this news. You decide to buy exposure to £10,000 worth of Centamin using a CFD, at the current price of 86.8p. To do this, you need £2,000.

For the purpose of this example, let’s assume the Centamin 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 3% from the current price. Centamin shares fall back 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.