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Askari Metals Ltd (ASX: AS2) has announced a trading halt

Askari Metals Ltd (ASX: AS2) has announced a trading halt.

There are a few reasons why a stock would go into a trading halt. It is generally ahead of a news announcement.

Askari Metals Ltd has requested a trading halt pending the release of an announcement by the Company in relation to a material acquisition in the Lithium sector together with a placement.

Trading halts are typically enacted in anticipation of a news announcement, to correct an order imbalance, as a result of a technical glitch or due to regulatory concerns.

Halts may also be triggered by severe down moves, in what are called circuit breakers or curbs.

The trading halt will remain in place until normal trading commences on January 24, 2022 or when the company announcement is made.

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