Gold Road Resources Limited (OTCMKTS:ELKMF) Sees Large Growth 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 15th, there was short interest totalling 440,600 shares, a growth of 21.2% from the January 31st total of 363,600 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is presently 1,101.5 days.

Gold Road Resources Price Performance

OTCMKTS:ELKMF opened at $1.55 on Thursday. The business’s fifty day moving average price is $1.48 and its 200 day moving average price is $1.31. Gold Road Resources has a 12 month low of $0.99 and a 12 month high of $1.66.

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.