Searchlight Minerals (OTCMKTS:SRCH) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Searchlight Minerals Corp. (OTCMKTS:SRCH – Get Free Report) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.01 and traded as low as $0.0067. Searchlight Minerals shares last traded at $0.0067, with a volume of 40,000 shares trading hands.

Searchlight Minerals Stock Performance

The firm’s fifty day simple moving average is $0.01 and its 200 day simple moving average is $0.01.

About Searchlight Minerals

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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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