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

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) was the recipient of unusually large options trading activity on Monday. Traders bought 5,147 put options on the company. This is an increase of approximately 23% compared to the typical volume of 4,187 put options.

Institutional Trading of Vizsla Silver

Large investors have recently bought and sold shares of the company. Sprott Inc. grew its holdings in shares of Vizsla Silver by 1.4% during the third quarter. Sprott Inc. now owns 22,851,053 shares of the company’s stock valued at $98,691,000 after buying an additional 306,900 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Vizsla Silver by 9.3% during the 2nd quarter. Franklin Resources Inc. now owns 15,291,000 shares of the company’s stock worth $45,146,000 after buying an additional 1,306,000 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Vizsla Silver by 72.8% during the 3rd 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 in the last quarter. Van ECK Associates Corp lifted its holdings 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 purchasing an additional 4,001,170 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 buying an additional 3,139,086 shares during the last quarter. 22.46% of the stock is owned by institutional investors.

Vizsla Silver Trading Down 7.1%

NYSEAMERICAN:VZLA traded down $0.42 during mid-day trading on Monday, hitting $5.50. 10,117,304 shares of the company’s stock were exchanged, compared to its average volume of 3,766,024. Vizsla Silver has a fifty-two week low of $1.67 and a fifty-two week high of $5.95. The company has a 50 day simple moving average of $4.68 and a 200-day simple moving average of $3.98. The firm has a market capitalization of $1.89 billion, a P/E ratio of -137.50 and a beta of 0.94.

Analyst Ratings Changes

Several brokerages have recently commented on VZLA. Cantor Fitzgerald initiated coverage on Vizsla Silver in a research note on Monday, December 22nd. They issued a “buy” rating and a $7.00 target price for the company. Roth Capital increased their target price on shares of Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $5.75.

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.