Gold Road Resources Limited (OTCMKTS:ELKMF) Sees Significant Increase in Short Interest

Gold Road Resources Limited (OTCMKTS:ELKMF) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 471,100 shares, an increase of 37.7% from the November 15th total of 342,000 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is currently 2,355.5 days.

Gold Road Resources Price Performance

Shares of Gold Road Resources stock remained flat at $1.35 during trading hours on Friday. The stock’s fifty day moving average is $1.23 and its two-hundred day moving average is $1.17. Gold Road Resources has a 52-week low of $0.95 and a 52-week high of $1.35.

About Gold Road Resources

Gold Road Resources Limited, together with its subsidiaries, engages in the exploration of gold properties in Western Australia. It owns 50% interest in the Gruyere gold mine located in north-east of Perth. The company was formerly known as Eleckra Mines Limited and changed its name to Gold Road Resources Limited in November 2010.