Hindsight Markets Recaps Small-cap stocks on August 12, 2026
DRMA, August 12: news after the close, $1.68 at 4:00 a.m., and a day of fading bid walls
DRMA opened up 17% after news, ran to $1.46, then gave back some of the run by the close.
News via Stock News API
What happened
News, then a 4 a.m. push
Results came out after the August 11 close. DRMA first traded at $1.51 the next day, and it hit $1.68 in the 4:00 a.m. minute. A bid wall at $1.40 grew to 38K shares by 4:19.
Stop It's 4:38. DRMA is at $1.41. Just below, a bid wall at $1.40 has sat there since 4:18, at times about 38,000 shares. Would you buy here?
Press play: the real Level 2, tape and chart run from 4:35 a.m. and stop at 4:38 a.m. ET for your call.
The wall was gone in 35.5 seconds from 4:38:45, after 43K shares traded at $1.40. It slid to $1.32 by 5:08.
The second push
Stop It's 6:00. DRMA is at $1.50, up from $1.39 eight minutes ago. Would you buy here?
Press play: the real Level 2, tape and chart run from 5:57 a.m. and stop at 6:00 a.m. ET for your call.
A 34K-share buy order at 6:00:06 lifted it to $1.59, a lower high. By 6:07 it was back at $1.41.
Walls below at 7:25
A bid wall at $1.35 had grown to 42K shares.
Stop It's 7:25. DRMA is at $1.36. Just below, a bid wall at $1.35 has been building since 6:30 and reached about 41,600 shares at 7:23. Would you buy here?
Press play: the real Level 2, tape and chart run from 7:22 a.m. and stop at 7:25 a.m. ET for your call.
It was gone at 7:26:11, 27 seconds after trades hit it. The $1.30 wall went at 7:28:43 too. After a $1.26 open and a $1.19 low at 9:34, it was at $1.37 in the last regular minute.
What to take from it: On this day, each bid wall was a level that got hit, not a floor.
Replay DRMA's day
It starts at 9:31 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 9:34 a.m. and asks what you would do. Or press Play on any moment in How it traded.
The details
How it traded, step by step
Gap, run, gave some back. It gapped up 16.7% to $1.26 at the open, ran from the open to the high of $1.46 in 126 minutes, then gave back 45% of that move by 4:00 p.m., trading at $1.37, still above the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| Aug 11, 4:05 p.m. | News (Accesswire): Dermata Therapeutics Provides Corporate Update and Reports Financial Results for the Second Quarter 2026 | |
| 4:00 a.m. | First trade 20% above the previous close of $1.08 | |
| 4:00 a.m. | Pre-market high, $1.68 | |
| 4:00 a.m. | High of the day to the close, $1.68 | |
| 6:06 a.m. | Volume since 4:00 a.m. passes the whole float, 3.19 million shares | |
| 9:30 a.m. | The open: $1.26, up 16.7% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $1.37, 18.5% below the high |
The shape's name comes from a fixed rule, not a judgement (how shapes are named). Halts are in the halt table below.
The day in numbers
- Previous close
- $1.08
- Open, 9:30 a.m.
- $1.26
- Gap at the open
- +16.7%
- Pre-market high
- $1.68 at 4:00 a.m.
- High, 4 a.m. to 4 p.m.
- $1.68 at 4:00 a.m.
- Low, 4 a.m. to 4 p.m.
- $1.19
- Close, 4 p.m.
- $1.37
- Change at 4 p.m.
- +26.9%
- After-hours high, 4 p.m. to 8 p.m.
- $1.40 at 4:42 p.m.
- Volume, 4 a.m. to 4 p.m.
- 7.03 million
- Volume after hours, 4 p.m. to 8 p.m.
- 101,117
- Relative volume by 8 p.m.
- 11.6×
- Float
- 3.19 million shares, from filings as of August 12, 2026
- Shares outstanding
- 4.02 million
- From news to the move: the first trade 20% above the previous close came 11 hours 55 minutes after the latest news item before it (Accesswire, Aug 11, 4:05 p.m.).
- Volume, from the one-minute bars: 4.95 million shares before the 9:30 a.m. open (69%), 720,708 in the first 30 minutes (10%), and 1.46 million in the rest of the day to 8 p.m. (20%).
- Float rotation, the volume since 4 a.m. against the float of 3.19 million shares: past it once at 6:06 a.m., twice at 12:56 p.m.
- Other days DRMA met the small-cap rule in our recaps: 2, the latest on October 15, 2026.
On the day's lists: the intraday runners. It is here because it was in play on the intraday runners: up 30% or more on $3 million or more really traded, outside the small-cap rule's price, relative volume or float, its high reached $1 or more and it started the day at $20 or under (the rule every page uses).
Halts (none)
The exchange's halt feed shows no halts for DRMA that day.
Halt bands that day: the LULD plan's Amendment 18 rules (what that means, LULD calculator).
How we read the data, name a day's shape and pick the stocks: methodology.
Trade this day
Replay DRMA on August 12, 2026 in Hindsight Markets: the real tape, the order book and the halts, on a clock you control, and see where your orders would have filled.