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Why everyone’s watching the Pilbara Minerals (ASX:PLS) share price – The Motley Fool Australia
The Pilbara Minerals Ltd (ASX: PLS) share price has surged higher in 2020 but remains in a trading halt ahead of a large acquisition.
The Pilbara Minerals Ltd (ASX: PLS) share price remains in a trading halt at $0.88 per share today after the company announced a $240 million equity raising to support a large acquisition.
Why is the Pilbara Minerals share price in a trading halt?
All eyes are on Pilbara Minerals after the ASX 200 miner entered a trading halt on Friday.
The company has received creditor approval to raise capital for its planned US$175 million acquisition of Altura Project. Pilbara Minerals recently entered into…
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