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IDT Australia Ltd (ASX: IDT) has announced a trading halt

IDT Australia Ltd (ASX: IDT) 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.

IDT Australia Ltd has requested the trading halt pending the release of an announcement by the Company in relation to its Modern Manufacturing Initiative (MMI) – Manufacturing Collaboration Stream Grant application, 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 March 21, 2022 or when the company announcement is made.

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