Searchlight Minerals (OTCMKTS:SRCH) Shares Cross Below 50-Day Moving Average – Should You Sell?

Searchlight Minerals Corp. (OTCMKTS:SRCHGet Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.01 and traded as low as $0.0063. Searchlight Minerals shares last traded at $0.0063, with a volume of 5,000 shares changing hands.

Searchlight Minerals Price Performance

The firm’s 50-day moving average price is $0.01 and its two-hundred day moving average price 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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