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BCI Minerals Ltd (ASX: BCI) has announced a trading halt.

BCI Minerals Ltd (ASX: BCI) 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.

BCI Minerals Ltd is requesting the trading halt pending the release of an announcement regarding an update on the Company’s capital raising plans.

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 November 19, 2021 or when the company announcement is made.

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