Gold Road Resources Limited (OTCMKTS:ELKMF) Short Interest Up 6.8% in May

Gold Road Resources Limited (OTCMKTS:ELKMF) saw a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 1,916,700 shares, an increase of 6.8% from the May 15th total of 1,794,900 shares. Based on an average daily trading volume, of 14,900 shares, the days-to-cover ratio is currently 128.6 days.

Gold Road Resources Trading Down 0.8 %

Shares of OTCMKTS ELKMF opened at $1.07 on Wednesday. Gold Road Resources has a twelve month low of $0.95 and a twelve month high of $1.21. The stock has a 50 day moving average of $1.08 and a two-hundred day moving average of $1.08.

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.