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

Gold Road Resources Limited (OTCMKTS:ELKMF) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 156,200 shares, a drop of 70.6% from the February 28th total of 531,700 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 1,562.0 days.

Gold Road Resources Stock Performance

ELKMF stock remained flat at $1.89 during midday trading on Friday. 10 shares of the company’s stock were exchanged, compared to its average volume of 1,250. The firm has a 50 day simple moving average of $1.58 and a two-hundred day simple moving average of $1.36. Gold Road Resources has a fifty-two week low of $0.99 and a fifty-two week high of $1.89.

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.