Recaps · September 4, 2026

AKAN, September 4: $6.15 at 8:08 a.m., then a fade to $3.35

• Small cap
• Momentum
• Main move: pre-market
• Float traded 22x
• Lower high
• Gap and fade

Float

479,413 shares

Volume

10.40 million shares

Previous close

$3.67

Open

$4.37 (up 19.1%)

High

$6.15 at 8:08 a.m.

Close

$3.35

The day before

On September 3, AKAN traded between $3.58 and $4.53 and closed at $3.67. After the close it kept trading. Its last bar of that evening was $4.46.

Pre-market: the float traded by 5:54 a.m.

The first trades on the 4th were at $4.45, already 21% above the $3.67 close. The float is small: 479,413 shares. For the first hour and a half the stock drifted between $4.20 and $4.58.

Then at 5:53 a.m. the volume jumped. It pushed to $4.80 at 5:55 and was back at $4.20 two minutes later. By 5:54 a.m., more shares had traded than exist in the whole float.

It then sagged to $4.06 at 6:50 and sat around $4.10 to $4.30 until 8:00 a.m. At 8:00 it started to move again: $4.31 at the open of that minute, on 38,604 shares, the busiest minute since 5:56.

Here's what happened. The 8:08 minute went from $4.69 to $6.15, the high so far, and closed at $5.51. It traded 651,855 shares, the busiest minute of the day. A 21,263-share buy order swept six price levels, $4.78 to $4.83, at 8:08:36. Within six minutes the low was $5.17.

Then it fell to $4.97 at 8:17 a.m., down 19% from $6.15. A bid wall of 27,185 shares at $5.02 showed up at 8:15:51 and was gone by 8:17:26.

A lower high, and a wall at $6.02

It came back once more. A 20,476-share buy order swept four levels, $5.30 to $5.33, at 8:21:50. At 8:22 a.m. it pushed to $5.54, a lower high under the $6.15 top.

Now the book. Offers started stacking above the price. At 8:28:16, 50,260 shares appeared at $6.62 (10.5% of the float). They were gone at 8:29:57. At 8:29:54, 27,210 shares appeared at $6.04, gone at 8:31:47. Then at 8:31:51 came the big one at $6.02, peaking at 125,031 shares (26% of the float) a second later. The stock was trading around $5.10 at the time.

Here's what happened. The price never went near $6.02. At 8:33 the stock fell from $5.07 to $4.59 on 342,059 shares. The next minute went to $4.08 on 427,536 shares. At 8:34:05 a 19,001-share sell order swept 11 price levels, $4.57 to $4.47. At 8:36:27 another sell order of 17,623 shares swept 12 levels, $4.39 to $4.28. By 8:34 it was about a dollar below the 8:32 price.

The headline and the open

From 8:38 it held between roughly $4.20 and $4.47.

At 9:05 a.m. Newsfile Corp ran: “First Towers & Fiber Corp. Delivers First Cash Flow from New 200 KM Fiber Network, Eyes Expansion with Client”. The 9:06 bar traded 42,562 shares and reached $4.45. A 6-K was filed at 9:23.

At 9:30:00 a single trade of 13,875 shares printed at $4.39. It opened at $4.37, up 19% from the previous close. The high so far, $6.15, had come before the bell, 41% above the open. The stock did not go back near it.

The first few minutes of the session went down. It was at $4.15 at 9:33 and hit $4.08 at 9:34. It then spent about 90 minutes between $4.09 and $4.40.

Late morning

From 10:22 to 11:03 the stock sat between $4.14 and $4.32 on thin volume.

Here's what happened. At 11:04:50 two sell orders hit the book. One sold 29,558 shares from $4.10 to $4.00 across 11 levels. The other sold 26,764 shares from $4.02 to $3.95 across 8. The 11:04 minute traded 193,788 shares, the most in any minute since 8:34. It hit $3.79 at 11:09.

More steps down followed. A 59,713-share minute at 11:26 took it to $3.68. At 11:41:08 another sweep sold 19,737 shares from $3.68 to $3.66. By midday it was moving between about $3.72 and $3.96 on small volume. At 2:18 p.m. a 17,498-share sell order swept four levels, $3.67 to $3.64.

The last leg came late. At 3:21 p.m. a sell order of 18,459 shares swept 24 price levels, $3.58 to $3.35. The low after the open was $3.28 at 3:59 p.m. It closed at $3.35, 46% under the $6.15 high and below the $3.67 previous close.

After hours and the volume

After the close it dipped to $3.20 at 4:07 p.m., the low of the whole day, then rose to $3.74 at 5:06 p.m. and ended the evening around $3.44.

Volume by session: 7.68 million shares before the bell, 2.54 million in the regular session, and 178,147 after hours. For the whole day, 10.40 million shares traded: the float changed hands about 22 times, at 11 times its normal volume.

What to take from it

• After the top, the next push stopped lower. $6.15 at 8:08 a.m., then $5.54 at 8:22 a.m.
• A big offer above the price was never reached. A 125,031-share wall sat at $6.02, but the stock fell about a dollar and never came near it.
• The float traded over before the open, and the move was pre-market. The high came at 8:08 a.m. and the regular session opened 29% below it. By the close the whole move was gone.