Wellnex Life Ltd (ASX: WNX) has announced a trading halt
Wellnex Life Ltd (ASX: WNX) 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.
Wellnex Life Ltd has requested the trading halt in order to assist the Company in managing its continuous disclosure obligations as the Company expects to make a material announcement to the market in relation to the Supply Agreement.
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 March 21, 2022 or when the company announcement is made.
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