Gold Road Resources Limited (OTCMKTS:ELKMF) Short Interest Up 20.7% in February

Gold Road Resources Limited (OTCMKTS:ELKMF) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 531,700 shares, a growth of 20.7% from the February 13th total of 440,600 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 759.6 days.

Gold Road Resources Price Performance

ELKMF stock opened at $1.65 on Thursday. The firm has a 50-day simple moving average of $1.54 and a two-hundred day simple moving average of $1.33. Gold Road Resources has a one year low of $0.99 and a one year high of $1.79.

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.