Hindsight Markets Recaps Small-cap stocks on September 18, 2026
QNME, September 18: six halts and $1.03
QNME opened near its previous close, then ran to $1.03 through six halts during the session.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $0.32, on 32K shares.
The open
It opened near its previous close, at $0.2994. It ran to $1.03 by 11:32 a.m.
The halts
Each halt froze the price and reopened it somewhere new. The exchange halted it six times, from 10:16 a.m. to 11:42 a.m. The biggest jump was the reopen after 10:16 a.m.: 7% above the last trade before it.
The close
It closed at $0.5511, 46% under its high.
What to take from it: The move came during the session, not at the open.
The details
How it traded, step by step
Intraday run. It opened up 3.1% at $0.2994, then ran from the open to the high of $1.03 in 122 minutes through 4 halts.
| Time (ET) | What happened |
|---|---|
| 8:26 a.m. | Pre-market high, $0.32 |
| 9:30 a.m. | The open: $0.2994, up 3.1% from the previous close |
| 10:12 a.m. | First trade 20% above the previous close of $0.2904 |
| 11:20 a.m. | Volume since 4:00 a.m. passes the whole float, 34.43 million shares |
| 11:32 a.m. | High of the day to the close, $1.03 |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $0.5511, 46.5% 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
- $0.2904
- Open, 9:30 a.m.
- $0.2994
- Gap at the open
- +3.1%
- Pre-market high
- $0.32 at 8:26 a.m.
- High, 4 a.m. to 4 p.m.
- $1.03 at 11:32 a.m.
- Low, 4 a.m. to 4 p.m.
- $0.2688
- Close, 4 p.m.
- $0.5511
- Change at 4 p.m.
- +89.8%
- After-hours high, 4 p.m. to 8 p.m.
- $0.7198 at 4:01 p.m.
- Volume, 4 a.m. to 4 p.m.
- 95.97 million
- Volume after hours, 4 p.m. to 8 p.m.
- 5.19 million
- Relative volume by 8 p.m.
- 316.4×
- Float
- 34.43 million shares, from filings as of September 18, 2026
- Shares outstanding
- 34.43 million
- Volume, from the one-minute bars: 32,179 shares before the 9:30 a.m. open (0%), 14,026 in the first 30 minutes (0%), and 101.12 million in the rest of the day to 8 p.m. (100%).
- Float rotation, the volume since 4 a.m. against the float of 34.43 million shares: past it once at 11:20 a.m., twice at 12:50 p.m.
- Other days QNME met the small-cap rule in our recaps: 3, the latest on September 22, 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 (6)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed |
|---|---|---|---|---|---|---|
| 10:16 a.m. | 10:21 a.m. | 5 min 0 s | up 68.9% | $0.60, up 7.1% | down 8.3% | LULD pause (limit up-limit down) |
| 10:25 a.m. | 10:30 a.m. | 5 min 0 s | down 1.8% | $0.5507, up 0.1% | up 24.8% | LULD pause (limit up-limit down) |
| 11:21 a.m. | 11:26 a.m. | 5 min 0 s | up 38.2% | $0.8198, up 1.2% | up 18.3% | LULD pause (limit up-limit down) |
| 11:27 a.m. | 11:32 a.m. | 5 min 0 s | up 19.8% | $0.9393, down 3.2% | down 12.7% | LULD pause (limit up-limit down) |
| 11:33 a.m. | 11:38 a.m. | 5 min 0 s | down 15.5% | $0.82, unchanged | down 6.1% | LULD pause (limit up-limit down) |
| 11:42 a.m. | 11:47 a.m. | 5 min 0 s | down 6.1% | $0.7779, up 1.0% | up 6.7% | LULD pause (limit up-limit down) |
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 QNME on September 18, 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.