Results yesterday, results today – the news spreads out as trading volumes for Searchlight Minerals Corp.(OTC:SRCH) increase. There are still questions, however, pending an answer, which are certainly not to go overlooked.
So, a modest decrease in the share price yesterday, the session closing at $0.77 per share. Just two months ago, it was $0.36 per share. Yet, the 100% increase is not due to stability and sustainable growth on the stock market. It is rather a result of just two very successful sessions. The Tuesday one this week, and the one on August 17th. Both days have a catalyst in place. Back then, it was the quarterly statement that just came out. This week, it is the independent research that ought to verify some results for Searchlight. [BANNER]
A research, that confirms previous tests done by SRCH regarding a mining property. An important one as besides a press release, there is also an 8-K form on the matter. Just the right time for speculations to emerge all over the Internet, especially on iHub.
The fact of the matter is, however, that while it has been a spectacular 100% rise in the price, it has also been a long and dramatic fall from almost $3 per share in 2009 to $0.50 and below in the beginning of 2011. In this aspect, uncertainty is still a prevailing notion as far as the stock performance is concerned. Hopes and doubts are both presented in the different points of view expressed in financial forums. It is also worth-mentioning that it has been a long time since there has last been an announcement or a press release from Searchlight. What the outcome would be now that there is one, is a question yet to find its answer.