Recaps · August 27, 2026

MIMI, August 27: a 2:08 headline, one halt, and $3.29

• Small cap
• Momentum
• Gap, run and fade
• Catalyst: news
• Bid wall pulled
• Halted once
• Reopened lower
• Float traded about 1.3x

Float

12.35 million shares

Volume

18.82 million shares

Previous close

$1.80

Open

$2.28 (up 26.7%)

High

$3.29 at 10:02 a.m.

Halts

1 (2:08 p.m.)

Close

$1.28

The day before

On August 26, MIMI opened at $1.88, ran to $2.77 and traded as low as $1.66. The official close was $1.80.

At 8:30 a.m. that day, GlobeNewsWire carried a headline about Mint expanding in robotics with Yunji Technology. The last bar of the day was $2.54, well above the $1.80 close.

Pre-market: a $2.80 spike at 4:00, then a slow drift

The first trades on the 27th were at $2.40, already above the $1.80 close. The pre-market high came in the very first minute: $2.80 at 4:00 a.m.

It did not hold. By 4:02 a.m. it was at $2.22, down 21% from the high. After that it drifted lower, to $2.18 at 5:47 a.m. and $2.04 at 8:39 a.m., then recovered to about $2.18 by 9:00. 2.58 million shares traded before the bell.

The open and the first push

It opened at $2.28, up 27% from the previous close. For the first few minutes it did nothing. Then the 9:34 candle went to $2.47 on 101,645 shares, more than any earlier minute that day. The next minute gave most of it back, down to $2.30.

The real move started at 9:42, when volume jumped to 256,243 shares in one minute. A buy of 35,917 shares swept six price levels, from $2.49 to $2.54, at 9:42:19.

The 9:49 candle cleared the pre-market high, hitting $2.84 on 281,697 shares. In the next minute it ran to $3.08 and then $3.25 at 9:51. It hit $3.28 at 9:52, up 44% from the open. Two big buys went through the book in that stretch: 35,021 shares at 9:50:26 and 53,133 shares at 9:50:45.

The top at $3.29

After $3.28 it pulled back as low as $2.84 at 9:56. From there it climbed again, and it reached $3.29, the high so far, in the 10:02 minute. In the next candle it was back down to $3.06. At 10:03:15 a 40,128-share sell went through eight price levels, from $3.17 to $3.10.

By 10:06 it was down to $2.77.

A lower high at $3.03

It came back once more. At 10:22 a.m. it pushed to $3.03, a lower high under the $3.29 top. Within four minutes it was trading at $2.69.

By 10:37 a.m., more shares had traded than exist in the whole float (12.35 million), counting pre-market.

The bid at $2.50

From 10:33 a.m. on, there was a large bid at exactly $2.50. It grew to 88,954 shares at 10:55 a.m., across all exchanges. That is about 0.7% of the float.

At 11:05:59 the bid was pulled. The size left the book. Just before that, 12,110 shares traded at exactly $2.50. The 11:05 candle went down to $2.48, and the next minute it dipped to $2.47. By 11:11 it was back at $2.62 and then spent the next hours between about $2.53 and $2.82.

The 2:08 p.m. news and the halt

At 2:08 p.m. GlobeNewsWire ran: “Mint Incorporation Limited Announces Pricing of $2.5 Million Registered Direct Offering”. The stock had been steady near $2.74.

In the 2:08 p.m. minute it went from $2.74 to $2.18 on 376,631 shares. Inside that minute, a 49,313-share buy swept 25 price levels from $2.41 to $2.65. Then a 44,769-share sell went through 22 levels, from $2.39 to $2.18.

At 2:08:52 p.m. it was halted (a volatility pause) with the last trade at $2.18. It reopened at 2:29 p.m. at $1.75, 20% below where it stopped. The first print after the halt was 92,017 shares at $1.75.

The 2:29 candle fell to $1.32. By 2:33 it had bounced back to $1.60.

The rest of the day

It kept fading: $1.46 at 3:02 p.m., a low of $1.26 at 3:28 p.m., and $1.28 at the close.

After hours it traded 410,409 shares and reached $1.40.

By the close, 15.83 million shares had traded: the float changed hands about 1.3 times, at about 141 times its normal volume.

What to take from it

• A halt can reopen lower than it stopped. The 2:08 p.m. halt stopped at $2.18 and reopened at $1.75.
• The move was gone by the close. MIMI closed at $1.28, 61% below the $3.29 high and below the $1.80 previous close.
• After the top, the next push stopped lower. $3.29 in the 10:02 minute, then $3.03 at 10:22.
• A big bid is not a floor. The $2.50 bid grew to 88,954 shares, then left the book at 11:05:59.