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Pacgold Ltd (ASX: PGO) has announced a trading halt.

Pacgold Ltd (ASX: PGO) 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.

Pacgold Ltd has requested the trading halt pending an announcement regarding assay results from recent drilling at the Alice River Gold Project in North Queensland.

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 January 12, 2022 or when the company announcement is made.

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