Vizsla Silver (NYSEAMERICAN:VZLA) Stock Price Down 5.7% – What’s Next?

Shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) fell 5.7% on Wednesday. The company traded as low as $3.12 and last traded at $3.17. Approximately 4,155,973 shares changed hands during trading, a decline of 3% from the average daily volume of 4,294,351 shares. The stock had previously closed at $3.36.

Vizsla Silver Stock Down 2.1%

The firm has a market cap of $1.15 billion, a PE ratio of -19.12 and a beta of 1.12. The business’s 50 day moving average price is $3.83 and its 200 day moving average price is $3.55. The company has a debt-to-equity ratio of 0.57, a current ratio of 55.18 and a quick ratio of 55.18.

Institutional Investors Weigh In On Vizsla Silver

Several hedge funds have recently made changes to their positions in VZLA. Tidal Investments LLC lifted its stake in shares of Vizsla Silver by 28.1% in the second quarter. Tidal Investments LLC now owns 25,691,653 shares of the company’s stock worth $84,782,000 after acquiring an additional 5,641,729 shares in the last quarter. Ninepoint Partners LP acquired a new position in shares of Vizsla Silver in the 2nd quarter valued at approximately $11,253,000. Bastion Asset Management Inc. purchased a new position in shares of Vizsla Silver during the 1st quarter valued at approximately $8,658,000. Renaissance Technologies LLC purchased a new position in shares of Vizsla Silver during the 1st quarter valued at approximately $5,941,000. Finally, Royal Bank of Canada boosted its stake in shares of Vizsla Silver by 38.4% during the 1st quarter. Royal Bank of Canada now owns 3,890,559 shares of the company’s stock valued at $12,839,000 after buying an additional 1,078,721 shares during the last quarter. Institutional investors and hedge funds own 22.46% of the company’s stock.

About Vizsla Silver

Vizsla Silver Corp. is a mineral exploration and development company focused on advancing silver and gold projects. The company’s principal asset is the Panuco silver-gold project in the Mexican state of Sinaloa, where it is conducting exploration, resource evaluation and development activities.

The Panuco project covers a large, historic mining district with multiple veins and previously producing mines. Vizsla Silver is working to define and expand mineral resources while evaluating the project’s potential for future production.