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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 has requested the trading halt in order to consider its response to a forthcoming public announcement by the Australian Government in relation to its Approach to Market; proposals to establish an onshore mRNA manufacturing capability; and Australia’s mRNA translation and manufacturing ecosystem more generally, 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 December 16, 2021 or when the company announcement is made.

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