Gold Road Resources (OTCMKTS:ELKMF) Trading Up 6.3% – Should You Buy?

Gold Road Resources Limited (OTCMKTS:ELKMFGet Free Report) was up 6.3% on Thursday . The company traded as high as $1.28 and last traded at $1.28. Approximately 500 shares changed hands during trading, a decline of 92% from the average daily volume of 6,540 shares. The stock had previously closed at $1.20.

Gold Road Resources Stock Performance

The company has a 50 day simple moving average of $1.20 and a 200-day simple moving average of $1.15.

About Gold Road Resources

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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.

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