Why the Cirralto (ASX:CRO) share price is in a trading halt

You might have noticed the Cirralto Ltd (ASX: CRO) share price didn’t budge today, and that’s because the payments provider requested a trading halt.

So, what is the trading halt for? For a change, it’s not about an ASX price query.

More money, please

Cirralto requested the trading halt in relation to a proposed capital raising. This comes after the last few days of mind-blowing trading volume.

As reported yesterday, Tuesday and Wednesday’s trading volume was 352.5 million shares and 283.4 million shares respectively. For comparison, last Thursday and Friday only experienced 13.7 million and 17.5 million shares of volume.

It would be no surprise that the company would seek to take advantage of the elevated Cirralto share…