Poseidon Nickel Ltd (ASX: POS) has announced a trading halt
Poseidon Nickel Ltd (ASX: POS) 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.
Poseidon Nickel Ltd has requested the trading halt pending an announcement by the Company regarding significant funding development with the Pure Battery Technologies Kalgoorlie battery metals refinery, in which Poseidon Nickel Ltd is partnering with the key developer.
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 18, 2022 or when the company announcement is made.
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