Norwest Energy NL (ASX: NWE) has announced a trading halt
Norwest Energy NL (ASX: NWE) 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.
Norwest Energy NL has requested the trading halt pending an announcement by Norwest in relation to perforation operations at the Lockyer Deep-1 conventional gas discovery well, and early indications regarding potential reservoir deliverability.
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 15, 2022 or when the company announcement is made.
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