Magnis Energy Technologies Ltd (ASX:MNS) 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.
Magnis Energy Technologies Ltd has requested the trading halt pending the release of a formal response by the Company to the market in response to a newspaper article in The Australian published this morning.
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 19, 2021 or when the company announcement is made.