Rubicon Minerals Call Volume at 1,800% of Average as Company Awaits Drilling Results at Red Lake, Ontario Project
Call volume in Rubicon Minerals (NYSE: RBY) stood at 1,831% of average in late trading on Wednesday. 3,003 December 5 call contracts traded versus open interest of 1,584. There was also heavy volume in the September 5 call with 1,109 contract traded today.
A spokesperson for Rubicon said there was no specific news to account for the option activity, but the company was awaiting drilling results at it's Red Lake Ontario mining project.
Rubicon traded around $3.00 on Wednesday.
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