Quarry LP Buys New Position in Vizsla Silver Corp. $VZLA

Quarry LP acquired a new stake in Vizsla Silver Corp. (NYSE:VZLA) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 37,077 shares of the company’s stock, valued at approximately $84,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its position in Vizsla Silver by 7.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 164,459 shares of the company’s stock valued at $376,000 after purchasing an additional 10,975 shares during the period. Accredited Investors Inc. purchased a new stake in Vizsla Silver during the first quarter worth about $35,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Vizsla Silver in the 1st quarter worth approximately $36,000. Heck Capital Advisors LLC purchased a new position in shares of Vizsla Silver during the 4th quarter valued at $36,000. Finally, Connective Capital Management LLC bought a new position in Vizsla Silver during the first quarter worth about $68,000. Institutional investors own 22.46% of the company’s stock.

Vizsla Silver Stock Down 0.8%

NYSE:VZLA opened at $3.77 on Thursday. The firm has a market capitalization of $1.29 billion, a P/E ratio of -377.00 and a beta of 0.94. The company has a fifty day moving average of $3.25 and a 200 day moving average of $2.72. Vizsla Silver Corp. has a 52 week low of $1.67 and a 52 week high of $3.92.

Wall Street Analyst Weigh In

VZLA has been the subject of a number of recent analyst reports. National Bank Financial raised Vizsla Silver to a “strong-buy” rating in a report on Thursday, June 26th. Zacks Research cut Vizsla Silver from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Vizsla Silver presently has an average rating of “Buy” and a consensus target price of $3.25.

Vizsla Silver Company Profile

Vizsla Silver Corp. engages in the exploration, and development of precious and base metal assets. The company explores for gold, silver, and copper deposits. It owns 100% interest in the Panuco Project covering an area of 7,189.5 hectares located in located in southern Sinaloa, Mexico. The company was formerly known as Vizsla Resources Corp.