Gold Road Resources Limited (OTCMKTS:ELKMF) Short Interest Down 35.2% in November

Gold Road Resources Limited (OTCMKTS:ELKMF) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 342,000 shares, a decrease of 35.2% from the October 31st total of 527,700 shares. Based on an average trading volume of 2,100 shares, the days-to-cover ratio is presently 162.9 days.

Gold Road Resources Trading Up 6.3 %

ELKMF opened at $1.28 on Friday. Gold Road Resources has a one year low of $0.95 and a one year high of $1.31. The business’s 50-day simple moving average is $1.19 and its 200-day simple moving average is $1.15.

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.