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Triangle Energy (Global) Ltd (ASX: TEG) has announced a trading halt

Triangle Energy (Global) Ltd (ASX: TEG) 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.

Triangle Energy (Global) Ltd has requested the trading halt pending an announcement regarding the purported termination of the WA-481-P transaction with Pilot Energy Ltd (ASX: PGY) and the Cliff Head Wind and Solar Joint Venture.

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 4, 2022 or when the company announcement is made.

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