Vizsla Silver Sees Unusually High Options Volume (NYSEAMERICAN:VZLA)

Vizsla Silver Corp. (NYSEAMERICAN:VZLAGet Free Report) was the target of unusually large options trading on Wednesday. Investors bought 11,043 put options on the company. This is an increase of 107% compared to the typical volume of 5,323 put options.

Wall Street Analysts Forecast Growth

Separately, Canadian Imperial Bank of Commerce downgraded shares of Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Vizsla Silver has a consensus rating of “Moderate Buy” and a consensus price target of $7.00.

Check Out Our Latest Analysis on Vizsla Silver

Institutional Investors Weigh In On Vizsla Silver

Several institutional investors have recently added to or reduced their stakes in VZLA. Tidal Investments LLC purchased a new position in Vizsla Silver in the second quarter valued at approximately $24,562,000. Bank of America Corp DE boosted its holdings in shares of Vizsla Silver by 274.5% in the 2nd quarter. Bank of America Corp DE now owns 8,022,629 shares of the company’s stock valued at $23,587,000 after buying an additional 5,880,575 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Vizsla Silver by 41.7% in the 3rd quarter. Van ECK Associates Corp now owns 13,587,661 shares of the company’s stock valued at $58,698,000 after buying an additional 4,001,170 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Vizsla Silver by 38.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,395,079 shares of the company’s stock worth $49,220,000 after acquiring an additional 3,139,086 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Vizsla Silver by 24,064.1% during the 4th quarter. Bank of Montreal Can now owns 3,020,511 shares of the company’s stock worth $16,549,000 after acquiring an additional 3,008,011 shares in the last quarter. Hedge funds and other institutional investors own 22.46% of the company’s stock.

Vizsla Silver Stock Up 0.8%

NYSEAMERICAN:VZLA traded up $0.03 during trading hours on Wednesday, hitting $3.33. The company’s stock had a trading volume of 1,285,760 shares, compared to its average volume of 8,765,114. Vizsla Silver has a 52-week low of $2.83 and a 52-week high of $7.19. The company has a current ratio of 65.89, a quick ratio of 65.89 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $1.17 billion, a P/E ratio of -9.50 and a beta of 1.04. The stock has a fifty day moving average of $3.51 and a 200-day moving average of $4.19.

Vizsla Silver Company Profile

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Vizsla Silver Corp. is a Canada-based mineral exploration and development company focused on high-grade silver projects in Mexico. The company holds a portfolio of properties in the Panuco District of Sinaloa, where it is advancing its flagship Panuco Project, among several other exploration targets. These assets cover prolific epithermal vein systems that have historically produced significant silver and base metals.

The Panuco Project encompasses multiple mineralized zones over a 17,000-hectare land package, where ongoing drilling campaigns have reported consistent high-grade silver intercepts.

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