Calls Purchased on Uranerz Energy Corporation (URZ)

Shares of Uranerz Energy Corporation URZ are higher on the session by 17.37%, currently trading at $137.67. The stock has been moving largely lower over the past six weeks and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the September 2011 $5.00 call was purchased 687 times, on the offer, on open interest of 1,062 contracts. Overall call volume is now running at 2.93x the daily average with 75% of all calls traded being purchases on the offer. Uranerz Energy Corporation is an exploration-stage company engaged in the acquisition, exploration and if warranted, development of uranium properties. The company is principally focused on the exploration of its properties in the Powder River Basin area of Wyoming.