Today’s Stock On Watch: A Reversal for SEARCHLIGHT MINE (OTCMKTS:SRCH) Is Near. The Stock Has Decrease in Shorts

November 16, 2016 - By kentuckypostne   ·   0 Comments

Today's Stock On Watch: A Reversal for SEARCHLIGHT MINE (OTCMKTS:SRCH) Is Near. The Stock Has Decrease in Shorts

The stock of SEARCHLIGHT MINE (OTCMKTS:SRCH) registered a decrease of 98.59% in short interest. SRCH’s total short interest was 400 shares in November as published by FINRA. Its down 98.59% from 28,300 shares, reported previously. About 58,000 shares traded hands. Searchlight Minerals Corp. (OTCMKTS:SRCH) has 0.00% since April 14, 2016 and is . It has underperformed by 4.69% the S&P500.

Searchlight Minerals Corp. is an exploration-stage company. The company has a market cap of $27.68 million. The Firm is engaged in a slag reprocessing project, the Clarkdale Slag Project. It currently has negative earnings. The Clarkdale Slag Project, located in Clarkdale, Arizona, is a reclamation project to recover precious and base metals from the reprocessing of slag produced from the smelting of copper ore mined at the United Verde Copper Mine in Jerome, Arizona.

Insitutional Activity: The institutional sentiment is 0 in 2016 Q2. Its the same as in 2016Q1. The ratio is without change, as 0 funds sold all Searchlight Minerals Corp. shares owned while 0 reduced positions. only 0 funds bought stakes while 0 increased positions. They now own 43,000 shares or 0.00% without change from 43,000 shares in 2016Q1.
Wellington Shields Mngmt Ltd reported 15,000 shares or 0% of all its holdings. Douglass Winthrop Advsrs Ltd Liability Company owns 28,000 shares or 0% of their US portfolio.

SRCH Company Profile

Searchlight Minerals Corp., incorporated on January 12, 1999, is an exploration-stage company. The Firm is engaged in a slag reprocessing project, the Clarkdale Slag Project. The Clarkdale Slag Project, located in Clarkdale, Arizona, is a reclamation project to recover precious and base metals from the reprocessing of slag produced from the smelting of copper ore mined at the United Verde Copper Mine in Jerome, Arizona. There is approximately 20 million tons of slag available to be processed at the Clarkdale site. The Company’s processing flow diagram consists of grinding the slag material using high pressure grinding rolls (HPGR), then pretreatment by melting the slag at high temperature, followed by leaching the slag in an autoclave.

More important recent Searchlight Minerals Corp. (OTCMKTS:SRCH) news were published by: Marketwired.com which released: “Searchlight Minerals Corp. Announces $4.6 M Issuance of Equity Led by Luxor” on March 23, 2016, also Seekingalpha.com published article titled: “Why I Was Wrong On Searchlight Minerals”, Prnewswire.com published: “Searchlight Minerals Corp. announces inventory of 20.2 million tons of slag in …” on May 22, 2007. More interesting news about Searchlight Minerals Corp. (OTCMKTS:SRCH) was released by: Prnewswire.com and their article: “Searchlight Minerals Corp. provides update on Clarkdale Slag Project” with publication date: June 18, 2008.

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