Gold Road Resources (OTCMKTS:ELKMF) Shares Down 28% – Time to Sell?

Gold Road Resources Limited (OTCMKTS:ELKMFGet Free Report) was down 28% on Wednesday . The company traded as low as $1.77 and last traded at $1.77. Approximately 300 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 5,772 shares. The stock had previously closed at $2.46.

Gold Road Resources Stock Down 28.0%

The stock has a 50 day moving average price of $2.14 and a two-hundred day moving average price of $1.76.

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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