Searchlight Resources Inc. (OTCMKTS:CNYCF – Get Rating) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 24,500 shares, a drop of 27.1% from the April 15th total of 33,600 shares. Based on an average daily volume of 102,100 shares, the short-interest ratio is presently 0.2 days.
CNYCF stock opened at $0.06 on Friday. Searchlight Resources has a 52 week low of $0.03 and a 52 week high of $0.11. The firm’s fifty day moving average is $0.07 and its 200 day moving average is $0.07. The firm has a market cap of $7.18 million, a P/E ratio of -6.00 and a beta of 2.65.
About Searchlight Resources
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.
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