Pantera Minerals Ltd (ASX: PFE) has announced a trading halt
Pantera Minerals Ltd (ASX: PFE) 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.
Pantera Minerals Ltd has requested the trading halt as the Company is holding an Extraordinary General Meeting of shareholders to consider and obtain shareholder approval under ASX Listing Rule 11.1.2 for the acquisition of the Hellcat Project as detailed in the Notice of Meeting lodged with the ASX on 19 January 2022.
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 22, 2022 or when the company announcement is made.
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