Short Interest in Gold Road Resources Limited (OTCMKTS:ELKMF) Declines By 35.2%

Gold Road Resources Limited (OTCMKTS:ELKMF) was the recipient of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 342,000 shares, a decline of 35.2% from the October 31st total of 527,700 shares. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is presently 162.9 days.

Gold Road Resources Price Performance

OTCMKTS ELKMF opened at $1.28 on Friday. The firm has a 50 day simple moving average of $1.19 and a 200-day simple moving average of $1.15. Gold Road Resources has a one year low of $0.95 and a one year high of $1.31.

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.