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Piedmont Lithium Inc. (ASX: PLL) has announced a trading halt

Piedmont Lithium Inc. (ASX: PLL) 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.

Piedmont Lithium Inc. has requested the trading halt in connection with a proposed capital raising to be undertaken by way of a U.S. public offering of the Company’s shares.

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 24, 2022 or when the company announcement is made.

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