Calls Purchased on Exeter Resource Corporation

Shares of Exeter Resource Corporation (AMEX: XRA) are higher on the session by 1.20%, currently trading at $4.23. The stock has been moving largely lower over the past five months and is currently trading below the 200-day moving average.

Options traders are buying calls on the name today. A short while ago the February 2012 $5.00 call traded 2,500 times on open interest of 355 contracts. Overall call volume is now running at 22.64x the daily average with 95% of all calls traded being purchases on the offer.

Exeter Resource Corporation is an exploration-stage company. The company is engaged in the acquisition and exploration of mineral properties located in Argentina and Chile.