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Southern Palladium Initiates ASX Trading Halt for Capital Raising

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Southern Palladium Initiates ASX Trading Halt for Capital Raising

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The latest update is out from Southern Palladium Ltd. ( (AU:SPD) ).

Southern Palladium Limited has announced a trading halt on the ASX as it prepares for a capital raising through a share placement and share purchase plan. The halt is to ensure the process is conducted orderly, but the JSE has not declared a similar halt, advising caution for investors trading on the JSE.

More about Southern Palladium Ltd.

Southern Palladium Limited operates in the mining industry, focusing on the exploration and development of palladium resources. The company is listed on both the Australian Securities Exchange (ASX) and the Johannesburg Stock Exchange (JSE).

Average Trading Volume: 108,712

Technical Sentiment Signal: Buy

Current Market Cap: A$133.7M

For an in-depth examination of SPD stock, go to TipRanks’ Overview page.

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