Gold Road Resources Limited (OTCMKTS:ELKMF) Short Interest Up 44.5% in September

Gold Road Resources Limited (OTCMKTS:ELKMF) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 462,000 shares, a growth of 44.5% from the August 31st total of 319,800 shares. Based on an average trading volume of 5,500 shares, the short-interest ratio is currently 84.0 days.

Gold Road Resources Stock Performance

Shares of Gold Road Resources stock remained flat at $1.13 during trading on Friday. Gold Road Resources has a 1-year low of $0.95 and a 1-year high of $1.30. The business has a 50-day moving average of $1.15 and a 200-day moving average of $1.11.

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.