Lithium Universe Limited (ASX: LU7) has been placed under a trading halt, according to a recent announcement. The trading halt was requested by the company as they are awaiting the release of a significant announcement from the firm in relation to a potential material capital raising.
The purpose of a trading halt is to prevent trading in a company’s shares on the stock exchange until important information has been released to the market. This is done in an effort to maintain a fair and orderly market.
During a trading halt, no shares exchange hands, which means shareholders are not able to buy or sell any Lithium Universe shares until the trading halt is lifted.
The halt will remain in place until the start of trade on a specified future date or when the company’s announcement is released to the market, whichever comes first.
Investors are advised to keep an eye out for the upcoming announcement from Lithium Universe Limited which may impact the company’s share price. It’s worth noting, however, that the specifics of the potential capital raising and the affect it might have on the company’s share price cannot be determined until the details are released.
The company will continue to keep shareholders updated on any developments. Shareholders and potential investors should carefully consider their personal risk profile and investment strategy before making any decisions about their holdings in Lithium Universe Limited.
