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

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) saw some unusual options trading on Monday. Stock investors bought 46,270 call options on the company. This represents an increase of 761% compared to the typical volume of 5,375 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VZLA. Bogart Wealth LLC bought a new position in shares of Vizsla Silver in the third quarter valued at approximately $26,000. Hohimer Wealth Management LLC bought a new position in Vizsla Silver in the 3rd quarter worth $47,000. Wealth Enhancement Advisory Services LLC acquired a new position in Vizsla Silver during the 3rd quarter worth $50,000. Schonfeld Strategic Advisors LLC bought a new stake in Vizsla Silver during the third quarter valued at about $50,000. Finally, Swiss Life Asset Management Ltd bought a new stake in Vizsla Silver during the third quarter valued at about $53,000. Hedge funds and other institutional investors own 22.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on VZLA shares. Roth Mkm raised 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. Raymond James Financial reiterated an “outperform” rating on shares of Vizsla Silver in a research note on Wednesday, January 14th. Finally, Cantor Fitzgerald assumed coverage on Vizsla Silver in a report on Monday, December 22nd. They set a “buy” rating and a $7.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $7.00.

Vizsla Silver Trading Down 10.5%

VZLA stock traded down $0.49 during midday trading on Monday, reaching $4.12. The company had a trading volume of 14,613,136 shares, compared to its average volume of 10,291,704. The company has a 50 day moving average of $5.57 and a two-hundred day moving average of $4.52. The company has a market capitalization of $1.44 billion, a P/E ratio of -103.28 and a beta of 0.94. Vizsla Silver has a 1 year low of $1.69 and a 1 year high of $7.19.

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.