Centamin issues a Q4 Production update on Weds, 9 Jan

• The chart shows the price movement last time Centamin reported: Q4 update, 27 Dec.
• Shares opened +0.6p (+0.5%), went as high as +2.6p (+2.4%) and as low as -3.4p (-3.1%).
• The shares closed -2.1p (-1.9%) for a daily range of 6p or 5.4%.
• Shares currently at 120p (at time of writing)
• Shares -27.2% from 2019 highs; +44.5% from 2019 lows; +10.6% year-to-date.
• Centamin publishes a Q4 Production update on Weds, 9 Jan. Will we see another big move?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Centamin – An Example

Let’s say you think that Centamin results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Centamin using CFDs, at the current price of 120p. To do this, you need £2,000.

For the purpose of this example, let’s assume Centamin reports strong results and the shares rise 10%. Your profit would be £1,000, from your initial investment of £2,000.

Conversely, let’s assume you open the position, and place a stop-loss 5% below the current price. Centamin results miss, it 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.