Searchlight Minerals (OTCMKTS:SRCH) Shares Pass Below 50-Day Moving Average – Time to Sell?

Searchlight Minerals Corp. (OTCMKTS:SRCHGet Free Report) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.01 and traded as low as $0.0061. Searchlight Minerals shares last traded at $0.0063, with a volume of 35,000 shares trading hands.

Searchlight Minerals Trading Up 1.6%

The firm has a fifty day simple moving average of $0.01 and a 200 day simple moving average of $0.01.

About Searchlight Minerals

(Get Free Report)

Searchlight Minerals Ltd. (OTCMKTS:SRCH) is a Canada‐based mineral exploration company focused on the discovery and development of critical minerals, with an emphasis on rare earth elements (REEs). The company pursues both grassroots and advanced‐stage projects, targeting deposits that contain magnet‐grade and heavy rare earths used in high‐tech, clean‐energy and defense applications.

The company’s primary asset is the Crownpoint Rare Earth Project in New Mexico, where Searchlight is conducting systematic drilling, resource modeling and metallurgical test work.

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