Why these ASX shares are in trading halts today

The market may be sinking notably lower again on Monday but some shares have avoided the selloff due to being in trading halts.

Here’s why these three shares are currently halted:

Global Geoscience Limited (ASX: GSC)

This lithium and boron-focused mineral exploration company’s shares were placed in a trading halt this morning ahead of the announcement of results from its pre-feasibility study for the Rhyolite Ridge project. Its shares are expected to remain in the trading halt until the commencement of trading on Wednesday. Investors have high hopes for the Nevada-based operation after recent production of boric acid revealed very low levels of impurities combined with good crystal size. This suggests a highly desirable product that management believes should attract customers in premium markets.

ResApp Health Ltd (ASX: RAP)

This digital health company has requested a trading halt pending the release of an announcement regarding its US SMARTCOUGH-C-2 study results and analysis. Last year the company’s shares were smashed when poor quality data led to its original SMARTCOUGH study failing miserably. However, the early indications are that things will be significantly better this time around. Especially given the positive results of its recent prospective sleep apnoea study. The SMARTCOUGH study is evaluating the efficacy of the ResAppDx smartphone application for the diagnosis of childhood acute respiratory disease using cough sounds and has enrolled 1,470 patients across three hospital sites in the United States.

Worleyparsons Limited (ASX: WOR)

This engineering company’s shares have been placed into a trading halt whilst it prepares an announcement in relation to the outcome of a capital raising to fund the acquisition of Jacobs Engineering Group’s Energy, Chemicals, and Resources division for a cash and debt free enterprise value of US$3.3 billion (A$4.6 billion). The acquisition will be funded via a A$2.9 billion entitlement offer, A$985 million stock issued to Jacobs, and new debt. The transaction is expected to be highly accretive to earnings. The Entitlement Offer will be issued at a price of $15.56 per new share, representing a 12.8% discount to the last close price.

Analyst tips small cap ASX tech share for big things

Earlier this year, millions of Australians set alarms and watched the world's biggest sporting event, the World Cup, play out. But did you know there was another Australian representative quietly succeeding as the world watched?

It's the start-up who have positioned themselves as the global leader in sports analytics. Motley Fool's resident tech expert has already upgraded the recommendation of this company's stock to a rating of simply "Buy More".

Click here to access this share. It's completely FREE!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.