Investors Buy High Volume of Dolly Varden Silver Put Options (NYSEAMERICAN:DVS)

Dolly Varden Silver Corp (NYSEAMERICAN:DVS) was the target of unusually large options trading activity on Thursday. Traders bought 2,827 put options on the company. This is an increase of approximately 198% compared to the average daily volume of 949 put options.

Dolly Varden Silver Stock Down 6.9%

Shares of NYSEAMERICAN DVS traded down $0.23 during midday trading on Thursday, hitting $3.02. 669,703 shares of the stock traded hands, compared to its average volume of 1,548,134. The stock has a market capitalization of $277.11 million and a price-to-earnings ratio of -9.39. Dolly Varden Silver has a one year low of $2.30 and a one year high of $5.93. The stock has a 50-day moving average price of $4.67.

Institutional Investors Weigh In On Dolly Varden Silver

Large investors have recently made changes to their positions in the company. Rathbones Group PLC bought a new position in shares of Dolly Varden Silver in the 4th quarter worth approximately $45,000. Total Wealth Planning & Management Inc. purchased a new stake in Dolly Varden Silver during the fourth quarter valued at approximately $50,000. K2 Principal Fund L.P. bought a new position in Dolly Varden Silver in the fourth quarter worth approximately $62,000. Goldman Sachs Group Inc. purchased a new position in shares of Dolly Varden Silver during the 4th quarter worth $64,000. Finally, MMCAP International Inc. SPC bought a new stake in shares of Dolly Varden Silver during the 4th quarter valued at $110,000.

About Dolly Varden Silver

Dolly Varden Silver is a Canadian mineral exploration and development company focused on the discovery, definition and advancement of silver- and gold-bearing projects in northwestern British Columbia. The company targets high-grade epithermal-style silver mineralization commonly associated with significant gold credits and concentrates its exploration activities in the prolific Golden Triangle region, where multiple world-class mineral deposits and active exploration projects are located.

The company’s flagship asset is the Kitsault Valley project, which comprises the Dolly Varden and Torbrit deposits along with numerous additional exploration targets.