Fbr Ltd (ASX:Fbr) 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.
Fbr Ltd has requested a trading halt as it is in the process of finalising the details for a capital raising initiative.
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 November 26, 2021 or when the company announcement is made.