Traders Buy High Volume of Call Options on Vizsla Silver (NYSEAMERICAN:VZLA)

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) was the recipient of some unusual options trading activity on Thursday. Traders bought 3,754 call options on the company. This represents an increase of 64% compared to the typical daily volume of 2,296 call options.

Wall Street Analyst Weigh In

VZLA has been the topic of a number of recent analyst reports. Roth Capital upped their target price on shares of Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Zacks Research lowered Vizsla Silver from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Vizsla Silver has an average rating of “Buy” and a consensus target price of $5.13.

Institutional Investors Weigh In On Vizsla Silver

A number of institutional investors have recently modified their holdings of the business. Accredited Investors Inc. bought a new position in Vizsla Silver in the first quarter worth about $35,000. Ninepoint Partners LP acquired a new stake in shares of Vizsla Silver during the 1st quarter worth approximately $2,653,000. TD Asset Management Inc bought a new stake in shares of Vizsla Silver in the 1st quarter worth approximately $697,000. Mackenzie Financial Corp lifted its holdings in shares of Vizsla Silver by 83.7% in the 1st quarter. Mackenzie Financial Corp now owns 7,647,130 shares of the company’s stock worth $17,482,000 after purchasing an additional 3,484,743 shares during the last quarter. Finally, Jupiter Asset Management Ltd. boosted its position in Vizsla Silver by 37.7% during the 1st quarter. Jupiter Asset Management Ltd. now owns 7,468,218 shares of the company’s stock valued at $17,072,000 after purchasing an additional 2,043,880 shares during the period. Institutional investors own 22.46% of the company’s stock.

Vizsla Silver Stock Down 13.2%

VZLA stock traded down $0.62 during trading on Thursday, hitting $4.06. 34,828,970 shares of the company’s stock traded hands, compared to its average volume of 3,304,407. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of -101.38 and a beta of 0.96. Vizsla Silver has a 52 week low of $1.67 and a 52 week high of $5.07. The stock has a fifty day moving average price of $4.27 and a two-hundred day moving average price of $3.53.

About Vizsla Silver

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.