Why is the Appen share price frozen today?
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The Appen Ltd (ASX: APX) share price has been on fire in recent weeks.
Since this time last month, the artificial intelligence (AI) data services company’s shares have risen 68%.
This means that Appen’s shares are now up 250% year to date.
But this impressive run won’t be continuing on Friday after the company requested a trading halt.
Why is the Appen share price halted?
The company requested a trading halt this morning after it decided to take advantage of its strong share price gains to raise capital.
This shouldn’t come as a big surprise to shareholders. In fact, late last month I suggested that a capital raising was likely to be on the horizon for Appen.
According to the release, the company is aiming to…
