Manuka Resources Ltd (ASX: MKR) has announced a trading halt
Manuka Resources Ltd (ASX: MKR) 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.
Manuka Resources Ltd has requested the trading halt to allow the Company the time necessary to secure commitments from sophisticated and professional investors in relation to a proposed capital raising.
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 February 24, 2022 or when the company announcement is made.
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