PNX Metals Ltd (ASX: PNX) has announced a trading halt
PNX Metals Ltd (ASX: PNX) 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.
PNX Metals Ltd has requested a trading halt pending the release of an announcement by the Company regarding a capital raising.
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 20, 2022 or when the company announcement is made.
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