Business
Why BPH Energy (ASX:BPH) shares are now in a trading halt
The BPH Energy Ltd (ASX: BPH) share price saga continues today after the company’s shares were placed in a trading suspension, soon followed by a trading halt.
BPH shares started the trading day at 13 cents apiece and dipped to 12 cents soon after. But someone lit a rocket under the company around 1pm which saw the BPH share price explode up 73.6% all the way to 22 cents each by 2pm. But that’s where it ended for BPH for the day.
At 2.56pm, the company released a market announcement that told investors trading would be suspended pending a further announcement. Then at 3.38pm, another update was released. This told investors that the ASX would suspend BPH shares from trading until at least Friday 19 February, or whenever this…
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