Syrah Resources Ltd (ASX: SYR) has announced a trading halt
Syrah Resources Ltd (ASX: SYR) 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.
Syrah Resources Ltd has requested the trading halt pending the release of an announcement by Syrah in relation to a proposed equity raising by way of pro rata accelerated non-renounceable entitlement offer and institutional placement.
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 February 9, 2022 or when the company announcement is made.
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