PaperlinX in trading halt

SHARES in paper and forest products company PaperlinX have been placed in a trading halt by the Australian Stock Exchange, pending an announcement.

By InvestSMART · 2 Jul 2011

By InvestSMART ·
2 Jul 2011

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SHARES in paper and forest products company PaperlinX have been placed in a trading halt by the Australian Stock Exchange, pending an announcement.

PaperlinX last traded at 17.5?.

The shares are to remain in a trading halt no later than the start of ASX trading next Tuesday.

PaperlinX's share price this week rose by as much as 90 per cent, from 10? to 19?, before easing.

In May, PaperlinX said it was solvent and able to meet its debt obligations.

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Frequently Asked Questions about this Article…

What happened to PaperlinX shares on the ASX?

Shares in PaperlinX were placed in a trading halt by the Australian Stock Exchange (ASX) pending an announcement, according to the article.

What does an ASX trading halt mean for PaperlinX investors?

A trading halt means PaperlinX shares cannot be bought or sold on the ASX until the halt is lifted; the halt was put in place while the company or the ASX prepares an announcement.

How long will the PaperlinX trading halt last?

The article says the shares are to remain in a trading halt no later than the start of ASX trading next Tuesday, when trading should resume or further information will be provided.

What was PaperlinX's last traded share price reported in the article?

The article reports that PaperlinX last traded at about 17.5 (as shown in the report) before the trading halt.

Why did PaperlinX's share price jump by about 90% this week?

The article notes that PaperlinX's share price rose by as much as 90% this week, moving from about 10 to about 19 before easing, but it does not specify the cause of that price movement.

What did PaperlinX say about its financial position?

In May, PaperlinX said it was solvent and able to meet its debt obligations, according to the article.

How should everyday investors follow this PaperlinX trading halt news?

Everyday investors should watch for the company or ASX announcement that prompted the halt and check official ASX releases or PaperlinX updates for the details that will explain why trading was paused.

Does the article indicate any immediate change to investors’ holdings in PaperlinX?

No—besides the temporary suspension of trading, the article does not report any other immediate change to investors' holdings; it only notes the halt, recent price moves and the company's prior statement about solvency.