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.
ASX rules requires that before any price sensitive information...
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Last
13.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.24M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 13.0¢ | $109.3K | 836.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 365703 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 812922 | 5 |
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| Last trade - 15.53pm 28/06/2024 (20 minute delay) ? |
| SRX (ASX) Chart |