Invictus Energy Ltd (ASX: IVZ) has announced a trading halt
Invictus Energy Ltd (ASX: IVZ) 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.
Invictus Energy Ltd has requested the trading halt pending the release of an announcement, providing an update in relation to finalising an agreement relating to the Company’s SG 4571 Permit with the Government of the Republic of Zimbabwe.
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 28, 2022 or when the company announcement is made.
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