Ellex Medical Lasers Ltd (ASX:ELX) has been granted a trading halt by the ASX, pending details of a placement.
Shares in the company recently hit a 12-month high of $0.90, and last traded at $0.77 before the halt was called.
This is three times higher than where the company was trading a year ago.
The halt will remain in place until the opening of trade on Friday 8th April 2016, or earlier if an announcement is made to the market.
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