Will Acacia Mining continue falling, or will it recover April highs of 208p ?

• Shares -32% from Feb highs; bounced off shallow rising support,
• Now trading 187p (at time of writing)
• Shares -30.2% from 2019 highs; +10.1% from 2019 lows; +2.2% year-to-date.
• Can the stock recover Feb highs of 268p?
• 15 Apr: Q1 Production -13% after disruption at North Mara mine
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Acacia Mining – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 268p highs. You decide to buy exposure to £10,000 worth of Acacia Mining using a CFD, at the current price of 187p. To do this, you need £2,000.

Let’s assume Acacia Mining recovers back to 268p highs (+43.3%). Your profit would be £4330, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Acacia Mining 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.