Searchlight Minerals Corp. (OTCMKTS:SRCH – Get Free Report) shares 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 $0.0045. Searchlight Minerals shares last traded at $0.0045, with a volume of 5,000 shares.
Searchlight Minerals Trading Down 26.2%
The firm has a 50-day moving average of $0.01 and a 200-day moving average of $0.01.
Searchlight Minerals Company Profile
Searchlight Minerals Corp. is a development-stage mineral resource company focused on recovering valuable metals from industrial waste materials. Its primary project is the Clarkdale Slag Project in Arizona, which involves the processing of historical smelter slag generated by a former copper operation.
The company has developed and evaluated proprietary processing methods intended to recover iron, gold, silver, and other potentially marketable metals from the slag. Searchlight Minerals has conducted testing and pilot-scale development related to its recovery process, with the goal of determining the commercial feasibility of producing metal products from the Clarkdale material.
Searchlight Minerals is headquartered in the United States and has historically concentrated its activities on the Clarkdale project rather than operating a diversified portfolio of producing mines.
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