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Centaurus Metals Ltd (ASX: CTM) has announced a trading halt.

Centaurus Metals Ltd (ASX: CTM) 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.

Centaurus Metals Ltd has requested the trading halt to assist the company in managing its continuous disclosure obligations in the lead up to an announcement relating to the updated Jaguar Nickel Sulphide Mineral Resource.

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 December 14, 2021 or when the company announcement is made.

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