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

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) was the recipient of unusually large options trading activity on Thursday. Stock investors acquired 12,578 call options on the stock. This represents an increase of approximately 53% compared to the average volume of 8,245 call options.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Sprott Inc. increased its stake in Vizsla Silver by 1.4% in the 3rd quarter. Sprott Inc. now owns 22,851,053 shares of the company’s stock worth $98,691,000 after buying an additional 306,900 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Vizsla Silver by 9.3% in the second quarter. Franklin Resources Inc. now owns 15,291,000 shares of the company’s stock worth $45,146,000 after acquiring an additional 1,306,000 shares during the period. Tidal Investments LLC boosted its stake in shares of Vizsla Silver by 72.8% in the third quarter. Tidal Investments LLC now owns 14,435,320 shares of the company’s stock worth $62,361,000 after acquiring an additional 6,080,923 shares during the period. Van ECK Associates Corp grew its position in shares of Vizsla Silver by 41.7% during the third quarter. Van ECK Associates Corp now owns 13,587,661 shares of the company’s stock worth $58,698,000 after purchasing an additional 4,001,170 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Vizsla Silver by 38.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,395,079 shares of the company’s stock worth $49,220,000 after purchasing an additional 3,139,086 shares in the last quarter. Institutional investors own 22.46% of the company’s stock.

Analyst Upgrades and Downgrades

VZLA has been the subject of several recent research reports. National Bank Financial lowered shares of Vizsla Silver from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, February 10th. Canadian Imperial Bank of Commerce cut shares of Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Raymond James Financial reissued an “outperform” rating on shares of Vizsla Silver in a research report on Wednesday, January 14th. Finally, Cantor Fitzgerald began coverage on Vizsla Silver in a research note on Monday, December 22nd. They issued a “buy” rating and a $7.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Vizsla Silver presently has a consensus rating of “Moderate Buy” and an average price target of $7.00.

Vizsla Silver Price Performance

Shares of NYSEAMERICAN:VZLA opened at $3.22 on Friday. The company has a market capitalization of $1.13 billion, a P/E ratio of -9.20 and a beta of 0.96. Vizsla Silver has a 1-year low of $1.69 and a 1-year high of $7.19. The firm’s 50 day simple moving average is $4.71 and its two-hundred day simple moving average is $4.62. The company has a debt-to-equity ratio of 0.66, a current ratio of 65.89 and a quick ratio of 65.89.

About Vizsla Silver

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.