Hindsight Markets / Small-cap stocks on September 18, 2026

QNME on September 18, 2026: why it ran

Published October 11, 2026 · By Hindsight Markets

On September 18, 2026, QNME opened up 3.1% from the previous close of 0.2904 and reached 1.03 at 11:32 a.m. ET. The exchange halted it 6 times.

Previous close

0.2904

Open, 9:30 a.m.

0.2994

Gap at the open

up 3.1%

Pre-market high

0.3200 at 8:26 a.m.

High, 4 a.m. to 4 p.m.

1.03 at 11:32 a.m.

Low, 4 a.m. to 4 p.m.

0.2688

After-hours high, 4 p.m. to 8 p.m.

0.7198 at 4:01 p.m.

Last trade before 4:00 p.m.

0.5511

Volume

101.16 million

Relative volume

316.4x

Float

34.43 million shares, from filings as of September 18, 2026

Shares outstanding

34.43 million

Halts

6

Why it ran

News and SEC filings for QNME published between the previous session's close and the first minute QNME traded 20% above it, at 10:12 a.m. ET, newest first, from the same feeds the replay shows.

No news found before the move.

How it traded

Intraday run. It opened up 3.1% at 0.2994, then ran from the open to the high of 1.03 in 122 minutes through 4 halts.

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

• Volume, from the one-minute bars: 32,179 shares before the 9:30 a.m. open (0%), 14,026 in the first 30 minutes (0%), and 101.12 million in the rest of the day to 8 p.m. (100%).
• Float rotation, the volume since 4 a.m. against the float of 34.43 million shares: past it once at 11:20 a.m., twice at 12:50 p.m.
• The halt at 10:16 a.m.: up 68.9% in the 5 minutes into it, reopened at 0.6000, up 7.1% from the last trade before it, then down 8.3% over the next 5 minutes.
• The halt at 10:25 a.m.: down 1.8% in the 5 minutes into it, reopened at 0.5507, up 0.1% from the last trade before it, then up 24.8% over the next 5 minutes.
• The halt at 11:21 a.m.: up 38.2% in the 5 minutes into it, reopened at 0.8198, up 1.2% from the last trade before it, then up 18.3% over the next 5 minutes.
• The halt at 11:27 a.m.: up 19.8% in the 5 minutes into it, reopened at 0.9393, down 3.2% from the last trade before it, then down 12.7% over the next 5 minutes.
• The halt at 11:33 a.m.: down 15.5% in the 5 minutes into it, reopened at 0.8200, unchanged from the last trade before it, then down 6.1% over the next 5 minutes.
• The halt at 11:42 a.m.: down 6.1% in the 5 minutes into it, reopened at 0.7779, up 1.0% from the last trade before it, then up 6.7% over the next 5 minutes.
• Other days QNME met the small-cap rule in our recaps: 3, the latest on September 22, 2026.

Halts

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.