Searchlight Minerals (OTCMKTS:SRCH) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Shares of Searchlight Minerals Corp. (OTCMKTS:SRCHGet Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-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 Stock Performance

The stock’s 50 day moving average is $0.01 and its 200 day moving average is $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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