Petra Diamonds issues a Trading Update on Monday, 15 Apr

• Last time Petra Diamonds reported: Interim Results, 18 Feb.
• The shares rose as much as 9.7% for a daily range of 2.7p or 10.3%.
• Shares -59.9% from 2019 highs; +6.8% from 2019 lows; -51% year-to-date.
• Currently 18.5p (at time of writing).
• Could we see another big share price move on Monday?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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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 18.5p. 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.