Why BPH Energy (ASX:BPH) shares are in a trading halt

Today BPH Energy Ltd (ASX: BPH) shares were placed in a trading halt after the company announced it is planning on undertaking a capital raising. At the close of market on Friday, the BPH share price was sitting at 17 cents.

The small-cap ASX share also released its quarterly activities and cash flow reports to the market today.

Trading halt

Today BPH Energy shares were placed in a trading halt at the request of the company “for the purpose of considering, planning and executing a capital raising”.

The company has requested its shares remain in the trading halt until either the announcement is made or before the commencement of normal trading on 3 February. BPH Energy further advised it expected the announcement will be made…