Recaps · August 13, 2026

AKAN, August 13: a dead day, then $11.63 after the bell

• Small cap
• Momentum
• Main move: after hours
• Tiny float
• Catalyst: news and 6-K after the close
• Thin book
• No halts
• Quiet session

Float

479,413 shares

Volume

7.12 million shares

Previous close

$5.39

Open

$5.38 (up 0.2%)

High

$5.45 at 4:25 a.m.

Close

$5.03

Pre-market: a thin $5.45

The previous close was $5.39. The first trades came at 4:00 a.m. at $5.31. At 4:12 a.m. it printed $5.41 on 29 shares.

The pre-market high was $5.45 at 4:25 a.m. That minute traded 6 shares. Only 760 shares traded before the bell. The stock traded mostly between $5.30 and $5.40 for most of the pre-market, with a dip to $5.19 at 7:04 a.m. and $5.10 at 9:28 a.m.

The open and a quiet session

It opened at $5.38. The 9:30 candle ran to $5.45 and dropped to $5.27, and it closed that minute at $5.27. By 9:36 it was at $5.05.

The busiest minute of the morning was 9:37, with 5,054 shares. After that it mostly sat near $5.20. Many minutes had no trades at all. The 10:44 candle pushed to $5.29 on 1,451 shares, and 11:18 traded 2,541 shares at $5.14. Neither led anywhere.

Late in the day it slipped.

It touched $5.05 at 3:51 p.m. and hit $5.01 at 3:59 p.m., the low after the open. It closed at $5.03.

Regular-session volume was 15,688 shares, against a float of 479,413. That is about 3% of the float. There were no halts.

4:05 p.m.: the news and the filing

The 4:00 p.m. minute printed $5.01 on 4,443 shares. Then at 4:03 p.m. it traded at $5.29, already above the close.

At 4:05 p.m. Newsfile Corp ran the headline “Akanda's First Towers & Fiber Increases Recurring Revenue with Completion of 200 KM Fiber Network.” In the same minute the company filed a 6-K, a foreign company's current report. The 4:05 candle traded between $5.05 and $5.96 on 11,224 shares.

The next candle, 4:06, hit $7.23 and traded 33,800 shares. The minute after that traded over 100,000.

By 4:12 p.m., more shares had traded since 4:00 than exist in the whole float (479,413). The headline and the 6-K both arrived in the 4:05 p.m. minute; the data shows only their timing.

After hours: up to $11.63

It climbed in steps. $8.47 at 4:13 p.m. and $8.68 at 4:24. $9.98 at 4:41. $10.55 at 4:47.

The high came at 4:52 p.m.: $11.63, up 132% from the $5.01 print at 4:00 p.m. It reached $11.35 at 4:54, then fell to $10.30 by 4:56.

From there it chopped. It dropped to $8.76 at 5:25 p.m., bounced to $10.25 at 5:42, and spent the last hour mostly between $9.40 and $10. The last bar at 7:59 p.m. closed at $9.49.

After hours, 7,101,317 shares traded. For the whole day it was 7,117,765 shares: the float changed hands about 15 times, at about 40 times its normal volume. Almost all of it came after 4:00 p.m.

What to take from it

• A quiet session said nothing about what came after the close. Regular-session trading was 15,688 shares and the price barely moved.
• After-hours moves on a tiny float are fast and thin. The stock went from the $5.03 close to $7.23 within about two minutes of the 4:05 p.m. headline and filing.
• The screen price is not the fill price in a thin book. At the pre-market high, 96 shares were offered and a 5,000-share buy averaged $6.05 against $5.45 on screen.