The reason for a trading halt should be obvious.
There are people who know the outcome of the application. The details of the outcome of the trial application haven't been formalised/finalised yet for an announcement. Thus, a TH is in place until details of the approval for trial can be finalised, so the company can inform the market of the outcome in a formal announcement.
If there was no TH, those in the know would have an unfair advantage in trading securities based on insider information.
Fairly straight forward stuff...
Ann: Trading Halt-CYP.AX, page-18
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Last
21.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $34.32M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 21.5¢ | 21.5¢ | $5.375K | 25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 27580 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 41728 | 1 |
View Market Depth
| Last trade - 12.20pm 29/11/2024 (20 minute delay) ? |
| CYP (ASX) Chart |
