Three Stocks That Requested For A Trading Halt: WHA, VMS And GBZ

Wattle Health Australia Limited (ASX: WHA) is in the consumer staples business based in Australia. The company aims to become a globally recognised brand for offering high-quality organic products promoting health and wellness. For the highest quality products, it uses natural ingredients like pure water, clean air and organically fertile soils.

On 1st May 2019, the company announced that it has requested the Australian Securities Index (ASX) to halt the trading of its securities (under the listing rule 17.1), with immediate effect, listed on the exchange. The stated reason for the trading halt is a pending announcement regarding the proposed acquisition of the majority stake in Blend and Pack.

According to the company, the trading halt is important for the company to manage its disclosure obligations as it is expecting to make a material announcement. The trading halt will be lifted on the date of the pending announcement to the market or on commencement of the trading session on 3rd May 2019, whichever is earlier.

Technical Outlook: The market capitalisation of the company is A$146.85 million. The 52-week high of the stock is A$1.884. The stock closed the last trading day at A$0.755, as on 30th April 2019. In the last six months, the stock has delivered a negative return of 16.1%, and the one-year return stands at negative 54.3%.

Venture Minerals Limited (ASX: VMS) is a metals and mining company based in West Perth, Australia. Currently, the company is exploring several projects in Western Australia including Nickel-Cobalt project at the Pingaring Project.

On 1st May 2019, the company announced that it has requested the Australian Securities Index (ASX) to halt the trading of its securities (under the listing rule 17.1), with immediate effect, listed on the exchange. The stated reason for the trading halt is a pending announcement on a material offtake agreement.

The trading halt will be lifted on the date of the pending announcement to the market or on the commencement of the trading session on 3rd May 2019, whichever is earlier.

Technical Outlook: The market capitalisation of the company is A$11.97 million. The 52-week high of the stock is A$0.041. The stock closed the last trading day at A$0.023, as on 30th April 2019. In the last six months, the stock has delivered a return of 9.5%, and the one-year return stands at negative 43.90%.

GBM Resources (ASX: GBZ) is an ASX listed metals and mining company and owns its flagship Mount Coolon Gold Project with 100% stake situated in Queensland. The company also has other projects in Queensland and Victoria.

On 1st May 2019, the company announced that it has requested the Australian Securities Index (ASX) to halt the trading of its securities (under the listing rule 17.1), with immediate effect, listed on the exchange. The stated reason for the trading halt is a pending announcement regarding a proposed capital raising that is material to the Company.

The trading halt will be lifted on the date of the pending announcement to the market or on the commencement of the trading session on 3rd May 2019, whichever is earlier.

Technical Outlook: The market capitalisation of the company is A$5.45 million. The 52-week high of the stock is A$0.008. The stock closed the last trading day at A$0.005, as on 30th April 2019. In the last six months, the stock has delivered a return of 25%, and the one-year return stands at negative 28.57%.


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