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

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) was the target of unusually large options trading activity on Thursday. Stock traders bought 10,470 call options on the company. This represents an increase of 139% compared to the typical daily volume of 4,375 call options.

Vizsla Silver Stock Performance

VZLA stock traded up $0.18 during midday trading on Friday, hitting $6.16. 6,618,805 shares of the company’s stock were exchanged, compared to its average volume of 6,513,526. Vizsla Silver has a one year low of $1.69 and a one year high of $6.16. The company has a market cap of $2.12 billion, a PE ratio of -154.00 and a beta of 0.94. The stock’s fifty day moving average price is $5.18 and its 200-day moving average price is $4.23.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VZLA. Bogart Wealth LLC acquired a new stake in shares of Vizsla Silver during the third quarter worth $26,000. Baader Bank Aktiengesellschaft bought a new position in Vizsla Silver during the 2nd quarter worth about $30,000. Hohimer Wealth Management LLC acquired a new stake in shares of Vizsla Silver in the 3rd quarter valued at about $47,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Vizsla Silver in the third quarter valued at about $50,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Vizsla Silver during the third quarter worth about $50,000. Institutional investors and hedge funds own 22.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VZLA shares. Raymond James Financial restated an “outperform” rating on shares of Vizsla Silver in a report on Wednesday. Roth Capital raised their price objective on Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Cantor Fitzgerald began coverage on Vizsla Silver in a report on Monday, December 22nd. They issued a “buy” rating and a $7.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.