Calls Purchased on US Gold Corporation (UXG)

Shares of US Gold Corporation UXG are higher on the session by 6.61%, currently trading at $7.74. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the April 2011 $7.50 call was purchased 1,000 times, on the offer, on open interest of 102 contracts. Overall call volume is now running at 2.68x the daily average with 75% of all calls traded being purchases on the offer. US Gold Corporation is an exploration-stage company. The company is engaged in the exploration for gold, silver, and other valuable minerals. It holds interests in several exploration properties in the State of Nevada and its properties in Sinaloa State, Mexico.