Stock Traders Purchase High Volume of Sandstorm Gold Call Options (SAND)
Sandstorm Gold Ltd (NYSEAMERICAN:SAND) was the recipient of unusually large options trading activity on Friday. Stock investors bought 14,999 call options on the stock. This represents an increase of 832% compared to the average volume of 1,610 call options.
Several institutional investors have recently modified their holdings of the company. Virtu Financial LLC boosted its holdings in shares of Sandstorm Gold by 110.0% in the 3rd quarter. Virtu Financial LLC now owns 43,180 shares of the mining company’s stock valued at $113,000 after buying an additional 22,616 shares in the last quarter. Tiemann Investment Advisors LLC acquired a new stake in Sandstorm Gold during the 3rd quarter worth $203,000. Finally, Jane Street Group LLC boosted its stake in Sandstorm Gold by 140.7% during the 3rd quarter. Jane Street Group LLC now owns 324,129 shares of the mining company’s stock worth $1,471,000 after purchasing an additional 189,454 shares during the period.
Shares of Sandstorm Gold (SAND) opened at $5.21 on Wednesday. Sandstorm Gold has a 52-week low of $3.18 and a 52-week high of $5.27. The company has a market cap of $929.95, a P/E ratio of 86.83 and a beta of -0.57.
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About Sandstorm Gold
Sandstorm Gold Ltd is a Canada-based company engaged in providing financing to mining companies. The Company focuses on acquiring gold and other metal purchase agreements (Gold Streams or Silver Streams), and royalties from companies that have advanced stage development projects or operating mines. The Company operates in the segments of Bachelor Lake, Black Fox, Chapada Santa Elena, Yamana Silver Stream, Chapada, Diavik Mine, Other Royalties, Other and Corporate.
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