Balkan Mining and Minerals Ltd (ASX: BMM) has announced a trading halt
Balkan Mining and Minerals Ltd (ASX: BMM) 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.
Balkan Mining and Minerals Ltd has requested the trading halt pending an announcement regarding an acquisition.
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 February 8, 2022 or when the company announcement is made.
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