Hindsight Markets Recaps Small-cap stocks on September 2, 2026
SGLD, September 2: two halts and a gap that faded
SGLD more than doubled at the open, then faded below its open by the close.
What happened
Before the open
We found no news or filing before the move. Before the bell it reached $32.02, on 3.3M shares.
The open
It more than doubled at the open, at $13.97.
The halts
Each halt froze the price and reopened it somewhere new. The exchange halted it two times, from 9:34 a.m. to 2:50 p.m. The biggest jump was the reopen after 9:34 a.m.: 17% below the last trade before it.
The close
It closed at $7.25, 77% under its high.
What to take from it: A big gap is not a trend. This one traded below its open by the close.
The details
How it traded, step by step
Gap and fade. It gapped up 175.0% to $13.97 at the open and traded below the open by 4:00 p.m., at $7.25.
| Time (ET) | What happened |
|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $5.08 |
| 4:03 a.m. | Pre-market high, $32.02 |
| 4:03 a.m. | High of the day to the close, $32.02 |
| 9:30 a.m. | The open: $13.97, up 175.0% from the previous close |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $7.25, 77.4% 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
- $5.08
- Open, 9:30 a.m.
- $13.97
- Gap at the open
- +175.0%
- Pre-market high
- $32.02 at 4:03 a.m.
- High, 4 a.m. to 4 p.m.
- $32.02 at 4:03 a.m.
- Low, 4 a.m. to 4 p.m.
- $6.85
- Close, 4 p.m.
- $7.25
- Change at 4 p.m.
- +42.7%
- After-hours high, 4 p.m. to 8 p.m.
- $8.41 at 4:05 p.m.
- Volume, 4 a.m. to 4 p.m.
- 5.16 million
- Volume after hours, 4 p.m. to 8 p.m.
- 1.11 million
- Relative volume by 8 p.m.
- 102.0×
- Float
- 15.15 million shares, from filings as of September 2, 2026
- Shares outstanding
- 15.15 million
- Volume, from the one-minute bars: 3.33 million shares before the 9:30 a.m. open (53%), 255,631 in the first 30 minutes (4%), and 2.68 million in the rest of the day to 8 p.m. (43%).
- Other days SGLD met the small-cap rule in our recaps: 1, the latest on September 1, 2026.
On the day's lists: the pre-market gappers, gainers, intraday runners. It is here because it met the small-cap rule on the pre-market gappers: price $2 to $20, up 10% or more, relative volume 5× or more, float under 20 million shares, its high reached $1 or more and it started the day at $20 or under (the rule every page uses).
Halts (2)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed |
|---|---|---|---|---|---|---|
| 9:34 a.m. | 2:50 p.m. | 315 min 21 s | down 16.5% | $9.73, down 16.6% | LULD pause (limit up-limit down) | |
| 2:50 p.m. | 3:00 p.m. | 10 min 0 s | down 24.8% | $8.00, down 8.8% | unchanged | 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 SGLD on September 2, 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.