Gold Road Resources Limited (OTCMKTS:ELKMF) Short Interest Up 37.7% in November

Gold Road Resources Limited (OTCMKTS:ELKMF) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 471,100 shares, a growth of 37.7% from the November 15th total of 342,000 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 2,355.5 days.

Gold Road Resources Price Performance

ELKMF remained flat at $1.35 during trading hours on Friday. Gold Road Resources has a 12 month low of $0.95 and a 12 month high of $1.35. The business’s 50 day simple moving average is $1.23 and its two-hundred day simple moving average is $1.17.

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.