RE:RE:High powered team at helm of money hucksterWhile valuation it’s taking place and hopefully it’s a great one, we can continue trading, if there is a deal to be announced they can halt the stock for few hours and resume trading again, there is absolutely no reason for the halt right now.
This is straight from iiroc.ca website, it explains it properly why and how long can a stock be halted.
A trading halt is issued to suspend trading in a security while material news from the company is disseminated. Halts are usually temporary - less than two hours - with trading resuming once the company has issued the important news. Halts and resumptions are issued by IIROC or a marketplace upon which the security is listed or quoted.
A trading halt is normally very temporary – typically lasting less than two hours. The actual length of the trading halt is determined by IIROC, taking into account the significance of the company's announcement and the time required to disseminate the announcement.