New York, June 9, 2026, 10:31 (EDT)
- Smart Logistics Global was halted at 10:05 a.m. EDT, last trading at $1.33, up 158.75%. Volume was close to 48.93 million shares.
- Cboe’s halt list recorded two volatility halts for SLGB Tuesday morning. The first hit at 9:37 a.m. and trading was back at 9:42 a.m. Another pause went up at 10:05 a.m., with Cboe not showing a resumption time.
- The move is key for SLGB, which needs to trade at $1 or above for at least 10 straight sessions to get back in line with Nasdaq’s $1 minimum bid price rule.
Smart Logistics Global Limited shares jumped more than 100% early Tuesday before Nasdaq halted the action for volatility, sending the China logistics name briefly to the top of U.S.-listed movers few had on the radar.
The stock jumped 158.75% to $1.33 after opening at $1.19. Shares moved between 93.2 cents and $1.37. Volume hit 48.93 million shares, much higher than normal. Webull pegged the market cap near $57.2 million.
The action happened in a regular U.S. trading session, not on a holiday. Nasdaq’s 2026 holiday list puts Juneteenth, June 19, as the next market closure in June. Standard U.S. equity trading is from 9:30 a.m. to 4 p.m. ET.
Volatility pauses are brief halts after sharp price swings. Nasdaq says a trading pause happens on a single stock if the price moves at least 10% in five minutes. According to Cboe, SLGB paused at 9:37:21 a.m., started trading again at 9:42:21 a.m., and hit another pause at 10:05:16 a.m.
SLGB was moving higher ahead of the bell. Benzinga said the stock jumped 137.4% to $1.22 in pre-market trading Tuesday, putting it at the top of its list of big industrial movers.
SLGB’s last press release on the feed was still the May 5 Nasdaq bid-price notice. No new corporate updates posted Tuesday. The May notice was triggered after shares closed under $1 for 30 trading days from March 19 to April 30.
The $1 mark is key. Smart Logistics needs to close at or above $1 for at least 10 straight trading days by Oct. 28 to get back on Nasdaq’s good side. Just hitting $1 during trading hours doesn’t count, only the closing bid matters.
Smart Logistics calls itself a B2B contract logistics provider in China. It works with corporate clients, not retail customers. The company’s operations focus on moving industrial raw materials by land, with key business in the paper, steel, coal, and food industries.
Company revenue for 2025 fell 7.3% to RMB628.5 million ($89.9 million) as both orders and transported weight dropped. Net loss was RMB18.2 million, after net income of RMB8.7 million last year. Gross margin improved, up to 4.7% from 4.1%. The company called the latest financial backdrop mixed.
Chief Executive Hue Kwok Chiu said in April the company’s Xuzhou supply-chain center “expanded our B2B logistics network in China” and highlighted long-haul as a growth area. The company described the January hub as part of a north-south logistics setup. GlobeNewswire
The jump outpaced bigger U.S.-listed Chinese logistics stocks. ZTO Express traded flat around $22.15. Full Truck Alliance gained slightly, last at $8.38 late Tuesday morning.
Main indexes posted gains Tuesday, with tech leading as Middle East worries faded. Most of the tape was up, though not as sharply as tech. Ken Mahoney, CEO of Mahoney Asset Management, told Reuters analyst guidance was still rising, keeping the market firm.
SLGB faces the risk that its recent surge could reverse when trading picks back up, unless the company delivers fresh news to support the stock. The Nasdaq minimum bid price problem is still there. If SLGB can’t keep enough closes above $1, Smart Logistics might ask for an extension or look at a reverse split. The company has cautioned there’s no guarantee it will get back in line with requirements.
