Forte Energy halts trading on ASX

LONDON (ShareCast) - Forte Energy, an AIM-listed uranium company, has halted trading of its shares on the the Australian Securities Exchange (ASX) ahead of an announcement relating to a potential asset acquisition.

The suspension is expected to last no more than two business days. Trading will continue on AIM during this time.

In a statement the company said: "The halt was requested by the company pending an announcement on the finalisation of certain matters in respect to a potential asset acquisition and/or corporate transaction."

The share price dipped 0.29% to 1.70p by 13:14.