Legacy Iron Ore Ltd (ASX: LCY) has announced a trading halt
Legacy Iron Ore Ltd (ASX: LCY) 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.
Legacy Iron Ore Ltd has requested the trading halt in relation to the execution of a joint venture agreement in relation to the Mt Bevan iron ore project.
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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