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

Gold Road Resources Limited (OTCMKTS:ELKMF) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 531,700 shares, a growth of 20.7% from the February 13th total of 440,600 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is currently 759.6 days.

Gold Road Resources Stock Performance

ELKMF opened at $1.55 on Tuesday. Gold Road Resources has a fifty-two week low of $0.99 and a fifty-two week high of $1.66. The company’s 50-day moving average is $1.53 and its 200 day moving average is $1.32.

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.