Searchlight Minerals – SRCH

 

SRCH Trading On Heavy Volume


SRCH Searchlight Minerals SRCHWe highlighted the Henderson, Nevada based Searchlight Minerals (SRCH:OB) in our Stocks to Watch entry today, and quite frankly the trading pattern looks quite interesting. SRCH has been a promo stock recently and is fairly liquid. At the time of this entry shares are up over 17% on heavy volume that has exceeded 4.4 million shares. You should keep in mind that aftermarket late prints are included, but the activity is nonetheless impressive. Especially after today’s percentage gain.

However, the news flow has been light and I have definitely seen better corporate websites. Especially considering that SRCH is an exploration stage mining penny stock and could highlight it’s Clarksdale slag project. SRCH also has no revenues and is bleeding money, but there might still be some hope for the stock as a trading vehicle.

SRCH is trading far above both it’s 50 and 200 day moving averages. As we noted earlier today, a solid break of $1.38 could take this name up. If so $1.70 area looks like a potential next stop. Just keep in mind that there are several layers of resistance near $2 and slightly higher.

SRCH Trading High


So for now just watch the PR’s, because penny stocks are usually news driven. But also watch the technicals, because there is no news to trade, only skeptical internet articles to read. On the flip side, don’t believe the message board hype either, despite the recent massive gain. Naked short covering could be playing a substantial role in this current uptrend. Bears may have been especially interested since SRCH is associated by some to Delgratia, which is a famous old PR stock that once ripped higher and then crashed and burned.

Either way this hot spec play is one to watch, and while we won’t try to predict the stock’s direction, the name might be fairly volatile in the near future. So add SRCH to your penny stock list.

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RVBR

 

RVBR Stock Cools Off

 
RVBR RVBRShares of Markray Corp. (RVBR.PK) opened flat on Thursday with no follow through from yesterday’s record volume. On Wednesday, RVBR announced it’s intentions of moving forward with an audit of it’s gold reserves based on higher yield per ton numbers.
 
Now while RVBR‘s latest PR might seem ruffly considering they also claim to be in the rare earth space as well. Speculative gold stocks are still on the top of many penny stocks investors lists. We have stated many times, that money can be made in pink sheets and sub penny stocks as long as they are purely viewed as trading vehicles.
 
Now if Gold prices spike again, or a rare earth stock like Molycorp (MCP:NYSE) catches a bid for a week or two, then a rising boat could lift all tides, and RVBR could be in play.
 
As of now, the recent volume has been considerably higher, RVBR traded over 430k shares yesterday. And the average 10 day volume in the shares are slightly over 101k, which is up sharply from it’s average 3 month volume of 19,982.
 

RVBR Trading Heavy Volume

 
Technically speaking, RVBR does seem to have some short term support in the .5 cent range, but the stock couldn’t break it’s resistance level of 8.5 cents yesterday. A decent trading channel might be developing, but the lack of liquidity in RVBR could keep penny stock scalpers on the sidelines.
 
So for now, keep and eye on the news flow out of RVBR and add it to your penny stock list. As you may already know, you usually don’t buy pink sheets stocks for the balance sheets or cash flows. Penny stocks still remain news and event driven.
 
Just remember that there are very few publicly traded REE stocks, so a major move in the group could cause a few eyeballs to take a peek at RVBR and other rare earth penny stock names.

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AAGC

 

ALL AMERICAN GOLD CORP (AAGC) Hits Another New High


AAGC AAGCShares of ALL AMERICAN GOLD CORP (OTC:AAGC) have been showing very good buying activities since May and AAGC stock has witnessed a gain of over 160% since then.

In the month of May, AAGC was one of the most illiquid stocks and AAGC stock climbed 25% during the same month on very low volume with only 10.60K shares trading in two trading sessions, while the rest of the session was completed without any transaction.

In June, AAGC stock started doing well and climbed 22% in the first trading of the month with about 32.50K shares exchanged hands. However, AAGC stock ended 10% low for the month with again very low volume and majority of sessions didn’t even traded a single share.

Then in July, volumes started picking up and AAGC stock jumped 50% on Jul 5, 2011 with a record volume of 354K shares.

AAGC Stock Soars


AAGC stock continued to gain and ended the month with a gain of about 88% during the month of July. In August also, the stock added 10%.

So far in the month of September, AAGC stock has climbed another 10% and made a new 52-week high of $0.94 today earlier in the session. This morning AAGC stock gapped up and rose about 7%. Currently, shares of AAGC are up 3.41% to $0.91 with over 476K shares already exchanged hands, compared to its 30-day average volume of 31K shares.

We couldn’t find any specific reason for the recent rally, but seems like some market participants are speculating AAGC stock with the given rise in the prices of Gold. We have seen lots of small cap gold mining companies gaining as gold climbed to new record on global debt crisis and fear of double dip recession.

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Kazakhstan – IPO

IPO In Kazakhstan Could Be Risky


Kazakhstan IPO Kazakhstan IPOAn Kazakhstan – IPO is something that sounds foreign to the majority of investors. Oddly enough, some people relate Sacha Baron Cohen’s satirical Borat character to Kazakhstan instead of comparing the country to vast exports in uranium, oil and metal.

Back in the 1990′s we saw a wave of privatization in Europe, which spurred interest from U.S. investors, institutional and retail a like. Now we are seeing a potential trend starting in Central Asia.

Kazakhstan is planning to launch a “People’s IPO” to it’s tiny population of under 17 million. Multiple companies in Kazakhstan could be involved in the offering process. Now, even for hedge funds, an IPO in Kazakhstan could be risky, especially in their illiquid market. But could some of these potential jewels potentially trade in the U.S. markets ? Time will only tell, but if all goes well, a trend could be developing that could help commodity stocks across the board, all the way down from well known uranium stocks, to unknown mining penny stocks.

IPO Could Help Mining Stocks


Now this could be a political ploy, because there has been a wave of foreign investment in the Central Asian country, and only 5 to 15% of the shares are slated to be sold to locals at some point in 2012. Now remember, an IPO in Kazakhstan may not be front page news, but many experts frowned on Russian and Chinese offerings when they were in their capitalist infancies too.

So while we may not be able to offer insightful color on a specific IPO in Kazakhstan, we might see some sympathy plays develop in the penny stock arena based on this new foreign event.

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Gold Mining Stocks ala Chavez

Gold Mining Stocks, Massive Amounts to Venezuela


gold mining Gold Mining Stocks ala ChavezTuesday was just another typical Venezuelan day for Hugo Chavez and it might be a positive event for certain gold mining stocks. Chavez is now nationalizing the gold mining sector and is also planning to repatriate gold held at the Bank of England

Now how does that affect gold mining stocks ? Well the answer is tricky. It’s common knowledge that penny stocks are news driven. Higher stock prices are not always a given just because a particular bulletin board gold mining stock might have a quality management team and proven reserves.

But this time could be different. Many of you still remember the dot com days. Back then it wasn’t unusual for some obscure, illiquid internet penny stock to triple in a week based on a NASDAQ rally or positive news coming out of a Yahoo (YHOO:NASDAQ) or Amazon (AMZN:NASDAQ). Parabolic moves in speculative names caused informed skeptics to call for an internet bubble. Now while, the timing may have been off, the bubble theory proved to be right.

Could Gold Mining Stocks Take a Hit


Right now, their are several gold bears who feel the short dollar/long gold trade is too crowded. There are others who feel there are too many retail investors flocking to the precious metal at all time highs. These two factors usually signal a top, but as the saying goes, “The market can remain irrational longer than you can remain solvent”. And as we know shorting gold recently has been a recipe for margin calls and disaster.

Now gold prices declined on Tuesday and have traded opposite the broader markets during this decline. However, gold often moves on political instability, and we all know that Chavez can provide this element.

In addition to nationalizing the gold industry, Chavez is planning to repatriate 211.35 tons of gold. Now while it’s legal, this move is far more controversial and newsworthy than your typical Chavez land seizure, and if other left leaning countries do the same, the gold bugs could get aggressive again and cause another short squeeze that only drastic changes in margin requirements could slow down. A squeeze would obviously impact gold futures, but massive percentage gains might be found in gold mining stocks as well, and a legitimate bubble could be created at much higher prices.

Now we are currently researching some different gold mining stocks, and if the Chavez move causes an international event, you can count on us for color and ideas.

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