Stans Energy Corp V.HRE.H

Halt

[REEnewbie]

Fail to see why halt is so long. You'd think they have the news piece written already; just halt and release the news, wait 1 hr, resume trade....simple?

here's Wkipedia definition:

A trading halt occurs in the U.S. when a stock exchange stops trading on a specific security for a certain time period. The halt, which can happen a few times a day per security if FINRA deems it, usually lasts for one hour, but is not limited to that. Trading halts occur during the trading day (intraday), while a trading delay occurs at the beginning of the trading day (delayed opening). The first 5 minutes of a halt is for "news pending" before any information is released that could affect a stock significantly, also known as the "5 minute window".[1]

Trading halts usually occur when a publicly traded company is going to release significant news about itself. The halt in trading for the affected security gives investors time to review the news and assess its impact. Another situation in which a trading halt might occur is when the exchange is uncertain "whether the security continues to meet the market’s listing standards." [1]