Options Brief: General Moly (GMO)

Shares of General Moly GMO are higher on the session by 9.66%, trading at $6.46. Overall call volume is now running at 5.10x the daily average, with 22% of all calls traded being purchases on the offer. 3,205 contracts have traded on the session so far. General Moly, Inc. engages in the exploration, development, and mining of molybdenum properties in the United States. Its primary asset is an 80% interest in the Mt. Hope Project containing proven and probable molybdenum reserves totaling 1.3 billion pounds located in Eureka County, Nevada.