I hunt arrowheads. Although I agree with
chadwickus that it doesn't look tooled or isn't typically the type of rock used, I have seen
weights, for fishing nets, that are similar. They're usually large, long and phallic shaped. These types of weights are sometimes made with inferior
materials not normally associated with weapons/tools. The weights only have to be heavy and hold together underwater. They aren't subjected to same
kind of forces as spearheads/arrowheads or tools. Why use your best rock for weights when most any heavy rock would do.
There are many good resources on the web for identifying such objects. Just because materials might be a bit unusual don't discount the ingenuity of
early man. Hunting parties would bring whatever tools/arrowheads they could carry but also styled new ones if the need arose, sometimes out of more
inferior local materials.
I would imagine where you live fishing parties might have been the norm. While hauling and preserving the nets would be essential the weights could be
cast aside to help ease the load. It's possible inferior materials were sometimes preferred depending on use.
Keep looking you never know what you'll find.