Searchlight Resources Inc. Sees Large Growth In Short Interest

Searchlight Resources Inc. (OTCMKTS:CNYCF – Get Rating) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 73,900 shares, a growth of 172.7% from the July 15th total of 27,100 shares. Based on an average daily volume of 381,500 shares, the days-to-cover ratio is presently 0.2 days.
Searchlight Resources Stock Performance
Shares of CNYCF opened at $0.08 on Thursday. The stock has a 50 day simple moving average of $0.07 and a 200 day simple moving average of $0.07. Searchlight Resources has a 52-week low of $0.03 and a 52-week high of $0.11.
Searchlight Resources Company Profile
Searchlight Resources Inc, an exploration stage company, acquires, explores for, and develops mineral properties in Canada. It explores for copper, cobalt, gold, vanadium, nickel, and uranium deposits, as well as rare earth elements. The company holds interests in the Bootleg Lake gold property located near Creighton, Saskatchewan; the Duddridge Lake property situated to the northwest of La Ronge, Saskatchewan; and the Cameron cobalt property located in the north of North Bay, Ontario.