Short Interest in Gold Road Resources Limited (OTCMKTS:ELKMF) Expands By 37.7%

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

Gold Road Resources Stock Performance

Shares of Gold Road Resources stock remained flat at $1.35 during mid-day trading on Friday. The company has a fifty day simple moving average of $1.23 and a 200-day simple moving average of $1.17. Gold Road Resources has a one year low of $0.95 and a one year high of $1.35.

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.