The below-mentioned stocks were placed in trading today (7 March 2019). Let take a closer look at the reasons why these stocks were placed in trading halt-
Tesserent Limited (ASX: TNT)
Tesserent Limited (ASX: TNT) provides cybersecurity services to its customers through its comprehensive suite of products. The securities of Tesserent Limited were placed in a trading halt today (7 March 2019) at the request of Tesserent Limited, pending the release of an announcement concerning a capital raising. As per the company’s request, the trading halt will end on commencement of normal trading on Monday 11 March 2019 or when the announcement is lodged. On 7 March 2019, the company announced that it has been upgraded into the Palo Alto Networks (NYSE: PANW) NextWave Managed Services Program (MSP). Further, Tesserent has also been upgraded to be a Certified Professional Services Partner (CSSP) to offer fee-based pre- and post-sales professional services that significantly enhance revenue potential.
In the last six months, the share price of the company decreased by 16.00% as on 6 March 2019. TNT’s shares traded at $0.075(+19.048% intraday) with a market capitalization of circa $9.05 million as on 7 March 2019.
Ausmex Mining Group Limited (ASX: AMG)
Mining Company, Ausmex Mining Group Limited (ASX: AMG) is mainly involved in acquiring assets to explore and develop a large IOGC or porphyry deposit. The securities of Ausmex Mining were placed in a trading halt today at the request Ausmex Mining, pending the release of a material announcement in relation to exploration results by the Company.
Later on 7 March 2019, trading halt was uplifted as the company announced the additional RC drilling results from the Golden Mile Project.
The notable results include:
- RC drill hole FA18RC019: 2 m @ 12.45 g/t Au (13-15 m)
- RC drill hole SH18RC030: 3 m @ 3.24 g/t Au (8-11 m) including 1 m @ 7.79 g/t Au
In the last six months, the share price of the company the share price of the company increased by 90.48% as on 6 March 2019. AMG’s shares last traded at $0.080 with a market capitalization of circa $32.99 million as on 7 March 2019.
Geopacific Resources Limited (ASX: GPR)
Gold-copper development company, Geopacific Resources Limited’s (ASX: GPR) securities were placed in a trading halt today at the request by the company. The trading halt is sought to allow the company to announce a transaction regarding the acquisition of a further interest in the Woodlark Gold Project from Kula Resources Limited. The company is anticipating the trading halt to remain in place until the earlier of the commencement of trade on Monday 11 March 2019 or the making of an announcement regarding the acquisition.
In the last six months, the share price of the company the share price of the company decreased by 50.00% as on 6 March 2019. GPR’s shares last traded at $0.012 with a market capitalization of circa $24.98 million.
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