Elsight Ltd (ASX: ELS) has announced a trading halt
Elsight Ltd (ASX: ELS) 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.
Elsight Ltd has requested the trading halt in order to finalise an announcement regarding a commercial purchase order, which the Company is not in a position to announce to the market at present.
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 13, 2022 or when the company announcement is made.
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