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Nimy Resources Ltd (ASX: NIM) has announced a trading halt

Nimy Resources Ltd (ASX: NIM) 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.

Nimy Resources Ltd has requested the trading halt pending an announcement by the Company in regards to results from an ongoing exploration campaign at the Mons Nickel 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 February 8, 2022 or when the company announcement is made.

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