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

Gold Road Resources Limited (OTCMKTS:ELKMF) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 873,300 shares, an increase of 34.8% from the December 31st total of 647,900 shares. Based on an average daily volume of 200 shares, the short-interest ratio is currently 4,366.5 days.

Gold Road Resources Price Performance

ELKMF stock remained flat at $1.54 during mid-day trading on Thursday. 272,600 shares of the company’s stock traded hands, compared to its average volume of 760. The stock’s fifty day moving average is $1.35 and its two-hundred day moving average is $1.24. Gold Road Resources has a 52 week low of $0.95 and a 52 week high of $1.64.

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.