ASX generally pauses trading when a listed entity:
- tells ASX it is intending to lodge a market sensitive announcement and ASX is concerned the market does not trade on an uninformed basis ahead of that announcement; or
- requests a trading halt and ASX agrees to the request, to prevent trading occurring on an uninformed basis while the trading halt is processed.
1 ASX itself may also initiate a pause in trading if it is unable to contact a listed entity to discuss a query about its disclosure obligations and has reason to be concerned that trading may be about to occur, or is already occurring, on an uninformed basis.
So could be one of those three. Although the wording in the pause tells me it’s got to be one of the first two.
Ann: Pause in Trading, page-26
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Last
$1.27 |
Change
-0.030(2.32%) |
Mkt cap ! $253.7M | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.32 | $1.27 | $887.6K | 688.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 16794 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 19441 | 12 |
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| EOS (ASX) Chart |