3 Stocks On Trading Halt Today – AHZ, ARD, MMJ

  • Apr 15, 2019 AEST
  • Team Kalkine
3 Stocks On Trading Halt Today – AHZ, ARD, MMJ

Trading halt is a temporary suspension of the securities on the stock exchange in anticipation of any new announcement from the company. Below are the three ASX listed stocks that were placed on trading halt today:

Admedus Ltd (ASX: AHZ) 

Admedus Ltd (ASX: AHZ) is a company from the health care sector and it provides innovative health care solutions such as developing, investing and delivering leading edge medical technologies. On 15 April 2019, the securities of Admedus were placed under the trading halt pending an announcement related to the previously announced sales transaction of Admedus Immunotherapies. The shares of AHZ will remain under trading halt until announcement related to sales transaction or before the commencement of the trade on 17 April 2019.

On 10 April 2019, the company announced that its 100% owned subsidiary company, Admedus Investments Pty Ltd entered into share sale agreement dated 22 March 2019 with Constellation Therapeutics Limited and the other shareholders of Admedus Vaccines Pty Ltd, where with Constellation Therapeutics Limited would be acquiring all of the shares of Admedus Vaccines under certain terms and condition.

In the last six months, the stock has given a return of 3.45%. The shares of AHZ traded last on 12 April 2019, with the closing price of A$0.060. AHZ has a market capitalization of A$35.4 million and around 589.94 million outstanding shares.

Argent Minerals Limited (ASX: ARD) 

Argent Minerals Limited (ASX: ARD) is a company from the metals and the mining sector that is engaged in the exploration of silver, lead, zinc, copper and gold. On 15 April 2019, the securities of Argent Minerals Limited were placed under the trading halt pending the release of an announcement to be made to the market regarding the material capital raising. The trading halt will last for two business days or before that until the company makes the concerned announcement.

The company recently announced to the market regarding the ongoing maiden drilling at Pine Ridge Gold Mine, first drilling at the site for over two decades. With a target depth of 140m, the first drilling reached the depth of 42m.

In the last six months, the shares of ARD generated a return of 28.01%. On ASX, the shares of ARD traded last on 12 April 2019 with the closing price of A$0.020. ARD holds a market capitalization of A$ 10.12 million and approximately 505.81 million outstanding shares.

MMJ Group Holdings Limited (ASX: MMJ)

MMJ Group Holdings Limited (ASX: MMJ) is a listed investment company, whose securities were under the trading halt pending the announcement related to the appointment of the third party to manage the investments of the company.

The announcement also covered that the securities will remain in pre-open phase until the earlier of announcement regarding the asset management of the company or the beginning of the trade on 17 April 2019.

Around AEST: 12:26 pm, the company announced the appointment of Embark Ventures to act as an Asset Manager of the cannabis investment portfolio of the company, for the initial period of three years. The company also announced the cancellation of the Share Purchase Plan, which was approved by shareholders on 22 February 2019 with the company having $11 million cash balance and more than $70 million of its investment portfolio in listed investees.

Post the announcement, the shares resumed trading on ASX, where the highest price recorded for the day was A$0.240. The closing price of the stock was A$0.235. MMJ has a market capitalization of A$54.09 million and approximately 230.15 million outstanding shares. Almost 310,401 shares of MMJ traded on ASX today.


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