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

Gold Road Resources Limited (OTCMKTS:ELKMF) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 440,600 shares, an increase of 21.2% from the January 31st total of 363,600 shares. Based on an average daily volume of 400 shares, the short-interest ratio is presently 1,101.5 days.

Gold Road Resources Stock Performance

Shares of Gold Road Resources stock opened at $1.55 on Thursday. Gold Road Resources has a twelve month low of $0.99 and a twelve month high of $1.66. The business has a 50-day moving average price of $1.48 and a 200 day moving average price of $1.31.

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.