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Paterson Resources Ltd (ASX: PSL) has announced a trading halt.

Paterson Resources Ltd (ASX: PSL) 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.

Paterson Resources Ltd has requested the trading halt pending an announcement regarding initial drill results at the Company’s Grace 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 December 15, 2021 or when the company announcement is made.

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