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

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) saw unusually large options trading on Wednesday. Stock traders bought 11,043 put options on the stock. This is an increase of approximately 107% compared to the average volume of 5,323 put options.

Vizsla Silver Stock Performance

Shares of VZLA stock traded up $0.03 during midday trading on Wednesday, hitting $3.33. The company had a trading volume of 1,285,760 shares, compared to its average volume of 8,765,114. The company’s 50 day simple moving average is $3.51 and its 200 day simple moving average is $4.19. Vizsla Silver has a 52-week low of $2.83 and a 52-week high of $7.19. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -9.50 and a beta of 1.04. The company has a debt-to-equity ratio of 0.66, a current ratio of 65.89 and a quick ratio of 65.89.

Institutional Investors Weigh In On Vizsla Silver

A number of institutional investors have recently added to or reduced their stakes in VZLA. Integrity Alliance LLC. purchased a new position in Vizsla Silver in the fourth quarter worth $56,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Vizsla Silver by 10,764.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 10,321 shares of the company’s stock valued at $56,000 after acquiring an additional 10,226 shares during the period. StoneX Group Inc. purchased a new stake in shares of Vizsla Silver during the 4th quarter worth approximately $60,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Vizsla Silver in the 3rd quarter worth approximately $50,000. Finally, Swiss Life Asset Management Ltd acquired a new position in Vizsla Silver during the third quarter worth $53,000. Hedge funds and other institutional investors own 22.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Canadian Imperial Bank of Commerce lowered shares of Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.00.

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.