Recaps · August 12, 2026

BANL, August 12: five halts, $7.50, and a pause of almost 16 minutes

• Small cap
• Momentum
• Main move: the afternoon
• Halt run
• Halted five times
• Lower high after the top

Float

2.20 million shares

Volume

1.37 million shares

Previous close

$4.16

Open

$4.05 (up 2.6%)

High

$7.50 at 1:38 p.m.

Halts

5 (1:19 p.m. and 1:39 p.m. and 1:45 p.m. and 1:55 p.m. and 2:03 p.m.)

Close

$6.09

Pre-market: almost nothing

The previous close was $4.16. Pre-market was very quiet: 304 shares traded before the bell. The pre-market high was $4.38 at 7:09 a.m. The low was $4.00 at 9:27.

The open and a slow morning

It opened at $4.05, down 3% from the previous close. It sat there for a few minutes. At 9:37 it moved from $4.20 to $4.44, and at 9:40 it reached $4.70.

It kept working higher and hit $4.90 at 10:08 a.m., up 21% from the open. That minute traded only 7 shares. Then it dropped to $4.30 by 10:15.

From there it chopped between about $4.40 and $5.00. Many minutes had only a handful of shares. At 11:57 it touched $5.00, and by 1:02 p.m. it was back at $4.79. By then it still hadn't traded above $5.00.

1:15 p.m.: it wakes up

At 1:14 it traded at $4.96. In the 1:15 minute it jumped through $5 to $5.32. The next minute it held between $5.19 and $5.33.

The 1:17 minute went to $5.60 on 7,502 shares, more than any minute that day so far. In the 1:19 minute it hit $6.04 on 9,395 shares. At 1:19:37 it was halted (a volatility pause) with the last trade at $6.04.

The reopen at $7.20

The halt lasted almost 16 minutes. It reopened at 1:35:18 at $7.20, well above where it stopped. A 23,048-share print at $7.20 was the first trade. The 1:35 minute traded 123,113 shares.

It ran as high as $7.47 in that minute and stayed between $6.50 and $7.47 through 1:37.

The 1:38 minute pushed to $7.50, the high of the day, up 80% from the $4.16 previous close. Within the next minute it was at $6.24.

Four more halts and the drop to $5.12

At 1:39:22 it was halted again with the last trade at $6.24. It reopened at 1:44:22 at $6.20, with a 14,059-share print as the first trade. It slid to $5.58 in that minute, and at 1:45:06 it was halted a third time.

That halt ran 10 minutes. It reopened at 1:55:06 at $5.12, down 32% from $7.50. A 12,631-share print at $5.12 opened it. The same minute it bounced to $5.63, and at 1:55:22 it was halted a fourth time.

It came back at 2:00:22. The 2:00 minute opened at $5.87 and reached $6.05.

By 2:02 it had touched $6.11. At 2:03:57 it was halted a fifth time, with the last trade at $5.23. It reopened at 2:08:57 at $5.11 on a 10,003-share print. That was the last halt of the day.

The rest of the day

After the halts it traded mostly between $5.20 and $5.60 for the next hour and a half, with volume far lower than at the top.

It came back once more. At 3:40 p.m. it pushed to $6.64, a lower high under the $7.50 top. A minute later it was at $5.87, and it was $5.51 at 3:46 p.m.

A late push reached $6.47 at 3:55 p.m. It finished the regular session at $6.09.

After hours it slipped to $5.07 by 4:28 p.m. and later traded mostly between $5.60 and $6.00. 81,981 shares traded after the close.

By the close, 1.28 million shares had traded in the regular session: more than half the float (2.2 million), at about 24 times its normal volume. Almost all of that came after 1:15 p.m.

What to take from it

• A halt can reopen far from where it stopped. The 1:19 p.m. halt stopped at $6.04 and reopened at $7.20. The 1:45 p.m. halt stopped at $5.58 and reopened at $5.12.
• At these moments, a 5,000-share buy cost more than the screen showed. At 1:38:30 the screen said $7.35 with 175 shares there, and 5,000 shares averaged $7.47.
• After the top, the next push stopped lower. $7.50 at 1:38 p.m., then $6.64 at 3:40 p.m.