Hindsight Markets Small-cap stocks on August 11, 2026
DRMA on August 11, 2026: why it ran
On August 11, 2026, DRMA opened down 0.9% from the previous close of 1.12 and reached 1.13 at 4:23 a.m. ET. The exchange did not halt it.
- Previous close
- 1.12
- Open, 9:30 a.m.
- 1.11
- Gap at the open
- down 0.9%
- Pre-market high
- 1.13 at 4:23 a.m.
- High, 4 a.m. to 4 p.m.
- 1.13 at 4:23 a.m.
- Low, 4 a.m. to 4 p.m.
- 1.08
- After-hours high, 4 p.m. to 8 p.m.
- 1.79 at 6:00 p.m.
- Last trade before 4:00 p.m.
- 1.09
- Volume
- 11.90 million
- Relative volume
- 569.9x
- Float
- 3.19 million shares, from filings as of August 11, 2026
- Shares outstanding
- 4.02 million
- Halts
- none in the halt feed
Replay DRMA's day
It starts at 3:55 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 3:58 p.m. and asks what you would do. Or press Play on any moment in How it traded.
The day, step by step
- Small cap
- Momentum
- Main move: after hours
- Catalyst: earnings report
- Quiet regular session
- Thin float
Pre-market: $1.13 at 4:23 a.m.
The previous close was $1.12. Almost nothing happened before the bell. Only 455 shares traded before the open, most of them at 9:27.
The regular session: nothing to trade
It opened at $1.11, down 1% from the $1.12 close. It traded around $1.10 through the morning and midday. Many minutes had no trades at all.
The low since the open was $1.08 at 2:01 p.m.
Stop It's 3:53. DRMA is $1.09. It has stayed between $1.08 and $1.10 since midday, many minutes have no trades at all, and the last traded minute, 3:34, saw only 127 shares. The stock is a little below yesterday's $1.12 close, and the day's range so far is a few cents wide. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 3:53 p.m. ET for your call, then show what happened. The clip starts at 3:50 p.m. ET.
The 3:59 bar closed at $1.09, down 3% from $1.12, and the 4:00 p.m. bar printed $1.08.
From 9:30 to 4:00, 7,451 shares traded in the whole session. The float is 3.19 million shares. Normal volume for this stock is tiny, about 21,000 shares a day.
4:05 p.m.: the report
Then the news came, all after the bell. At 4:05 p.m. Accesswire ran: “Dermata Therapeutics Provides Corporate Update and Reports Financial Results for the Second Quarter 2026”. At 4:06 p.m. the company filed an 8-K. At 4:07 p.m. it filed a 10-Q, the quarterly report.
The 4:05 bar traded at $1.10 to $1.11 on 2,453 shares. By the 4:09 minute it had hit $1.25. At 4:10 it reached just under $1.35, and at 4:11 it printed $1.35 on 72,436 shares in one minute.
After hours: the float changes hands
It kept climbing. By 4:33 p.m., more shares had traded than exist in the whole float (3.19 million). It reached $1.59 at 4:25, pulled back to $1.40 at 4:30, and then moved up again.
Around 5:37 it jumped from $1.51 to $1.69 inside one minute on 251,419 shares. Until 6:00 it held in the $1.60s and low $1.70s.
The high came at 6:00 p.m., $1.79. After hours it ran from $1.08 at 4:00 p.m. to $1.79, up 66%. It then slipped to about $1.63 by 7:00 p.m. and was around $1.61 at the last bar of 7:59 p.m.
The whole day traded 11.9 million shares, about 570 times normal volume, and 11.89 million of them traded after 4 p.m.
What to take from it
- A dead regular session can sit on top of a big after-hours move. Here 7,451 shares traded from 9:30 to 4:00, then 11.9 million traded after the bell.
- Watch what happens after a filing or headline after the close. The headline came at 4:05 p.m., the 10-Q at 4:07 p.m., and the price hit $1.25 in the 4:09 minute.
- On a thin stock, the screen price is not what you pay. At 4:23 a.m., 96 shares were offered at $1.13, and 5,000 shares would have averaged $1.15.
Why it ran
News and SEC filings for DRMA published between the previous session's close and the first minute DRMA traded 20% above it, at 4:10 p.m. ET, newest first, from the same feeds the replay shows.
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10-Q
-
8-K
-
Dermata Therapeutics Provides Corporate Update and Reports Financial Results for the Second Quarter 2026
News via Stock News API
How it traded
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:23 a.m. | Pre-market high, 1.13 | |
| 4:23 a.m. | High of the day to the close, 1.13 | |
| 9:30 a.m. | The open: 1.11, down 0.9% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 1.09, 3.5% below the high | |
| 4:05 p.m. | News (Accesswire): Dermata Therapeutics Provides Corporate Update and Reports Financial Results for the Second Quarter 2026 | |
| 4:06 p.m. | SEC filing 8-K: 8-K | |
| 4:07 p.m. | SEC filing 10-Q: 10-Q | |
| 4:10 p.m. | First trade 20% above the previous close of 1.12 | |
| 4:33 p.m. | Volume since 4:00 a.m. passes the whole float, 3.19 million shares |
The shape is a fixed rule, not a judgement: gapped 10% or more at the open, ran 10% or more from the open to the high, and faded if it gave back 30% or more of that move by the close.
The day in numbers
- From news to the move: the first trade 20% above the previous close came 2 minutes after the latest SEC filing before it (10-Q, 4:07 p.m.).
- Volume, from the one-minute bars: 455 shares before the 9:30 a.m. open (0%), 74 in the first 30 minutes (0%), and 11.90 million in the rest of the day to 8 p.m. (100%).
- Float rotation, the volume since 4 a.m. against the float of 3.19 million shares: past it once at 4:33 p.m., twice at 4:49 p.m., three times at 5:45 p.m.
- Other days DRMA met the small-cap rule in our recaps: 1, the latest on August 12, 2026.
Halts
The exchange's halt feed shows no halts for DRMA that day.
On this date the LULD plan ran under Amendment 18, in force from February 24, 2020: no band doubling at the open, and the closing doubling only for Tier 1 stocks and Tier 2 stocks whose previous close was at or below three dollars. See LULD halts or work out a band with the LULD calculator.
Trade this day
Replay DRMA on August 11, 2026 in Hindsight Markets: the real tape, the order book and the halts, on a clock you control, and see where your orders would have filled.