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 December. As of December 31st, there was short interest totalling 873,300 shares, an increase of 34.8% from the December 15th total of 647,900 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is currently 4,366.5 days.

Gold Road Resources Stock Up 24.3 %

OTCMKTS ELKMF traded up $0.32 on Thursday, hitting $1.61. 100 shares of the company were exchanged, compared to its average volume of 267. The firm has a 50 day moving average of $1.28 and a two-hundred day moving average of $1.20. Gold Road Resources has a 1-year low of $0.95 and a 1-year high of $1.61.

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.