After a really long free fall, after almost reaching the all-time low in the stock price, this Monday Searchlight Minerals Corp.(OTC:SRCH) suddenly took another direction. An all-time high was achieved yesterday, but the question is – is this the point where a new pattern would form, or is it just a short-term hype? 
Indeed, almost 1.2 million shares exchanging hands is not a fact to go overlooked. A session closing at $0.44 per shares, which is a 22% increase for the day. Some after hours activity, some promotional activity. Not the regular type, though. Following the trading frenzy on Monday, an alert came out, one that no money were paid for, nevertheless a factor that could affect the trading today.
Now, Searchlight Minerals is not exactly fond of press releases and announcements on a weekly basis. In fact, it is not very often that shareholders hear from the company. Yet, last Friday, results came out, which are surely the better way of showing how the company is doing, instead of a statement with claims in it. The 10-Q in question covers the second quarter of 2011 and includes the following, among other figures: [BANNER]
- $6.2 million in cash;
- $6.6 million in total current assets;
- $376k in total current liabilities;
- $24.9 million in accumulated deficit;
- $0 in revenue;
- $1 million in net loss;
So, on one hand the net loss is still a figure to pay attention to. There is the mounting deficit, but there`s the ratio assets-liabilities which is also not so bad for a penny stock company. The one figure, however, that matters is that still amounting to $0 in the report. It is ultimately up to revenue to sustain a pattern of sustainable growth in the share price. Until then, while alerts could inspire vivid trading on the stock market, uncertainty would also prevail.
