Reason: At the Request of the Company Pending News
Halt Time (ET): 8:05 AM
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
VANCOUVER, Dec. 31, 2019 /CNW/ – The following issues have been halted by IIROC:
Company: Secova Metals Corp.
TSX-Venture Symbol: SEK (All Issues)
Reason: CTO
Halt Time (ET): 8:05 AM
What is cto?
This one says at request of company ?
TSX-Venture Symbol: SEK (All Issues)
Reason: At the Request of the Company Pending News
Halt Time (ET): 8:05 AM
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
CTO = Cease Trading Order In this case, it has been initiated by the company, not by the regulators. so, something is up…but no news yet.
Interesting.
Could be as good as acquisition. Or as bad as folding the tents ??
Anyone but Spock knows it. He can not let it out for insider info.
Yes it could be good bad or ugly???