Vital Metals Ltd (ASX: VML) has announced a trading halt
Vital Metals Ltd (ASX: VML) 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.
Vital Metals Ltd has requested the trading halt pending the release of an announcement to update the market on Vital’s offtake arrangements and clarify a news article released by Reuters titled ‘EV parts maker Schaeffler signs first of a kind European rare earth deal’ concerning the Company’s Offtake partner, REEtec.
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 April 22, 2022 or when the company announcement is made.
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