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Traffic Technologies Ltd (ASX: TTI) has announced a trading halt.

Traffic Technologies Ltd (ASX: TTI) 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.

Traffic Technologies Ltd has requested the trading halt in order to finalise arrangements around a potential placement of shortfall arising under the Company’s Rights Issue (announced on 11 November, 2021), which the Company is not in a position to announce to the market at present.

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 December 10, 2021 or when the company announcement is made.

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