Short Interest in Gold Road Resources Limited (OTCMKTS:ELKMF) Grows By 37.7%

Gold Road Resources Limited (OTCMKTS:ELKMF) was the target of a significant increase in short interest during the month of 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 volume of 200 shares, the short-interest ratio is presently 2,355.5 days.

Gold Road Resources Price Performance

Shares of OTCMKTS:ELKMF remained flat at $1.35 on Friday. Gold Road Resources has a twelve month low of $0.95 and a twelve month high of $1.35. The firm’s 50-day moving average is $1.23 and its two-hundred day moving average is $1.17.

Gold Road Resources Company Profile

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.