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

Gold Road Resources Limited (OTCMKTS:ELKMF) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 873,300 shares, a growth of 34.8% from the December 15th total of 647,900 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 4,366.5 days.

Gold Road Resources Stock Up 24.3 %

Shares of ELKMF traded up $0.32 during trading hours on Thursday, hitting $1.61. The stock had a trading volume of 100 shares, compared to its average volume of 267. The company’s fifty day moving average is $1.28 and its two-hundred day moving average is $1.20. Gold Road Resources has a 52 week low of $0.95 and a 52 week high of $1.61.

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.