Gold Road Resources Limited (OTCMKTS:ELKMF) Short Interest Up 34.8% in December

Gold Road Resources Limited (OTCMKTS:ELKMF) was the recipient of a significant 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 short-interest ratio is currently 4,366.5 days.

Gold Road Resources Trading Up 1.9 %

Shares of OTCMKTS:ELKMF opened at $1.64 on Friday. The company’s 50-day moving average price is $1.29 and its 200 day moving average price is $1.21. Gold Road Resources has a fifty-two week low of $0.95 and a fifty-two week high of $1.64.

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.