Recaps · August 26, 2026

VMAR, August 26: a 653,046-share float, two halts, and $12.96

• Small cap
• Momentum
• Main move: midday
• Tiny float
• Halted twice
• Lower high after the top
• Faded after the second halt

Float

653,046 shares

Volume

1.36 million shares

Previous close

$7.18

Open

$7.56 (up 5.3%)

High

$12.96 at 12:35 p.m.

Halts

2 (12:41 p.m. and 2:34 p.m.)

Close

$9.25

The day before

VMAR closed on August 25 at $7.18. Two press releases came out that day: at 11:58 a.m., Vision Marine Technologies announced it was consolidating its public market listing on Nasdaq. At 12:31 p.m., it announced a U.S. patent application for E-Motion charging protection. The headlines are all the data says about them.

The float is small: 653,046 shares. Shares outstanding are the same number.

Pre-market and the open

Pre-market was quiet. Only 3,628 shares traded before the bell. The pre-market high was $7.90 at 9:11 a.m.

It opened at $7.56, up 5% from the previous close. The low since the open was $7.38 at 9:37.

The climb to $10

At 10:01 the volume picked up and the stock jumped from $8.50 to a high of $9.31 within a minute. It reached $9.55 at 10:04 a.m., up 26% from the open.

Then it stalled. For the next two hours it held between about $8.40 and just under $10. At 12:09 p.m. it traded through $10.00 for the first time that day.

The run to $12.96

The big move began at 12:18. In that one minute 18,533 shares traded and the high went from $10.52 to $11.58. For this float, that is a lot of stock in a minute.

It climbed to $12.43 at 12:28 p.m., pulled back to $11.23 at 12:29, then pushed to $12.96, the high so far, at 12:35 p.m. That is 80% above the previous close.

During the 12:39 p.m. minute, the day's volume passed the whole float (653,046). From 12:36 to 12:39 the stock traded between about $12.24 and $12.85.

The 12:40 candle fell from $12.43 to $11.14 on 57,456 shares. At 12:41:06 it was halted (a volatility pause) with the last trade at $11.14.

The reopen

It reopened at 12:51:06 p.m. at $10.50, 6% below where it stopped. It did not stay there. The 12:51 candle hit $9.76, down 25% from $12.96, on 62,113 shares.

It bounced and pushed to $10.79 at 12:55 p.m., a lower high under the $12.96 top. By 1:08 p.m. it was trading around $8.95, and the low of the afternoon came at 1:18 p.m. at $8.04.

Second halt and the close

The stock then drifted between about $8.20 and $9.25 for over an hour. At 2:34 p.m. it spiked to $10.07 on 34,297 shares and was halted (a volatility pause) at that last trade of $10.07. It reopened at 2:39 p.m. at $10.21. In the 2:40 candle it dropped to $9.19.

It closed the regular session at $9.25, 29% under the $12.96 high. After hours it traded between $8.64 and $9.60, and at 5:00 p.m. the company filed a 6-K (a foreign company's current report).

In the regular session, 1.31 million shares traded: the float changed hands about 2 times, at about 9 times its normal volume.

What to take from it

• After the top, the next push stopped lower. $12.96 at 12:35 p.m., then $10.79 at 12:55 p.m.
• A halt can reopen lower than it stopped. The 12:41 p.m. halt stopped at $11.14 and reopened at $10.50, and the stock went lower still.
• A tiny float can move fast, and most of the move can go just as fast. It closed at $9.25, 29% below the $12.96 high.