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Hartshead Resources NL (ASX: HHR) has announced a trading halt

Hartshead Resources NL (ASX: HHR) 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.

Hartshead Resources NL has requested the trading halt pending the release of an announcement in relation to a material update to Phase I recoverable gas volumes at the Company’s 100% owned Production Seaward License P2607.

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 April 7, 2022 or when the company announcement is made.

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