Petra Diamonds reports H1 results on Monday, 18 Feb

• Last time Petra Diamonds reported: H1 Trading Update, 28 Jan.
• The shares closed -20.8% for a daily range of 7.2p or 16.1%.
• Shares -34.7% from 2019 highs; +3% from 2019 lows; -20.1% year-to-date.
• Currently 30.6p (at time of writing).
• Will we see another big share price move on Monday?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Petra Diamonds – An Example

Let’s say you think that Petra results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Petra using CFDs, at the current price of 30.6p. To do this, you need £2,000.

For the purpose of this example, let’s assume Petra reports strong results and the shares rise 10%. Your profit would be £1000, 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. Petra 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.