Triangle Energy Ltd's (ASX:TEG) shares have been on the move recently, doubling in value to $0.10 over the past two weeks.
The stock even spiked to a high of $0.135.
Today the company has been granted a trading halt by the ASX, pending an update on the company’s interest in State Gas Limited.
State Gas holds a 60% interest in PL 231 (Reids Dome) in the Bowen Basin, south-east Queensland.
The halt will remain in place until the opening of trade on Wednesday 6th September 2017, or earlier if an announcement is made to the market.