A trading opportunity for you?

Will Acacia Mining continue falling, or will it rise again back to 163p October highs?

• Acacia Mining shares have fallen 4.7% today to trade 144p (at time of writing).
• Shares -23% from 2018 highs; +69.25% from 2018 lows; -27.75% year-to-date.
• Latest results saw a 3% decline in Q3 revenue due to lower gold production and prices.
• Company still expects to exceed the upper limits of its FY production guidance, giving hope to investors.
• Can the stock recover back to October highs?
• Source: Dow Jones, Bloomberg, FT, Company News

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Trading Acacia Mining – An Example

Let’s say you feel that the stock is a bargain and you think it could bounce back to recent highs of 163p. You decide to buy exposure to £10,000 worth of Acacia Mining  using a CFD, at the current price of 144p. To do this, you need £2,000.

Let’s assume Acacia Mining recovers back to 163p (+13%). Your profit would be £1,300, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 8% from the current price. Acacia Mining falls 8% and hits your stop-loss. Your loss would be £800.

This is provided for information purposes only. It should not be taken as a recommendation.