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Raiden Resources Ltd (ASX: RDN) has announced a trading halt.

Raiden Resources Ltd (ASX: RDN) 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.

Raiden Resources Ltd has requested the trading halt pending the release of an announcement of results from re-interpretation and modeling at its Ni-Cu-PGE 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 November 17, 2021 or when the company announcement is made.

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