ASX rules requires that before any price sensitive information be released a trading halt is applied. Max time frame of the halt is 2 days.
In the past there have been various interpretations of "price sensitive information". However, in this instance, the SIRFLOX results falls squarely within that preview. If SRX released the results without a trading halt, they can be fined.
The intention is to ensure equity in the market dynamics. Not so much in terms of information exchange (since a few people would already have some idea) but rather in terms of the execution of trades such that a false market cannot be created.
Ann: Trading Halt, page-18
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Last
17.8¢ |
Change
0.003(1.43%) |
Mkt cap ! $75.34M | |||
| Open | High | Low | Value | Volume |
| 17.8¢ | 17.8¢ | 17.5¢ | $9.047K | 50.98K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 7293686 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 1399496 | 11 |
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| Last trade - 15.01pm 26/07/2024 (20 minute delay) ? |
| SRX (ASX) Chart |