Vizsla Silver Target of Unusually High Options Trading (NYSEAMERICAN:VZLA)

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) was the target of unusually large options trading activity on Wednesday. Traders bought 10,437 call options on the stock. This represents an increase of approximately 122% compared to the typical volume of 4,707 call options.

Vizsla Silver Stock Up 4.0%

Shares of NYSEAMERICAN VZLA opened at $3.42 on Thursday. The stock has a market cap of $1.21 billion, a P/E ratio of -31.09 and a beta of 1.06. The business’s fifty day simple moving average is $3.41 and its 200-day simple moving average is $3.93. Vizsla Silver has a 12-month low of $2.88 and a 12-month high of $7.19. The company has a current ratio of 32.32, a quick ratio of 65.89 and a debt-to-equity ratio of 0.55.

Hedge Funds Weigh In On Vizsla Silver

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Baader Bank Aktiengesellschaft purchased a new stake in shares of Vizsla Silver during the first quarter worth approximately $41,000. Quantinno Capital Management LP purchased a new position in Vizsla Silver in the first quarter worth approximately $44,000. J. Derek Lewis & Associates Inc. purchased a new position in Vizsla Silver in the first quarter worth approximately $46,000. Schonfeld Strategic Advisors LLC acquired a new position in Vizsla Silver during the 3rd quarter worth approximately $50,000. Finally, Swiss Life Asset Management Ltd acquired a new position in Vizsla Silver during the 3rd quarter worth approximately $53,000. Hedge funds and other institutional investors own 22.46% of the company’s stock.

Vizsla Silver Company Profile

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.