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

Gold Road Resources Limited (OTCMKTS:ELKMF) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 513,800 shares, a growth of 11.2% from the September 15th total of 462,000 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is currently 570.9 days.

Gold Road Resources Stock Down 1.7 %

Gold Road Resources stock traded down $0.02 during mid-day trading on Wednesday, reaching $1.18. The company’s stock had a trading volume of 300 shares, compared to its average volume of 7,290. Gold Road Resources has a 12 month low of $0.95 and a 12 month high of $1.30. The business’s 50 day simple moving average is $1.14 and its 200 day simple moving average is $1.12.

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.