Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Up – Here’s What Happened

Vizsla Silver Corp. (NYSEAMERICAN:VZLAGet Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $3.86, but opened at $3.99. Vizsla Silver shares last traded at $4.1360, with a volume of 704,707 shares traded.

Vizsla Silver Stock Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 32.32 and a quick ratio of 32.32. The stock has a market capitalization of $1.45 billion, a P/E ratio of -37.05 and a beta of 1.10. The company has a fifty day moving average of $3.46 and a two-hundred day moving average of $3.53.

Institutional Investors Weigh In On Vizsla Silver

A number of hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC increased its holdings in shares of Vizsla Silver by 72.8% during the third quarter. Tidal Investments LLC now owns 14,435,320 shares of the company’s stock valued at $62,361,000 after purchasing an additional 6,080,923 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Vizsla Silver by 38.0% in the 3rd 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 in the last quarter. Jupiter Asset Management Ltd. lifted its holdings in shares of Vizsla Silver by 34.1% in the fourth quarter. Jupiter Asset Management Ltd. now owns 10,013,434 shares of the company’s stock valued at $54,934,000 after buying an additional 2,545,216 shares during the period. Bank of America Corp DE lifted its holdings in shares of Vizsla Silver by 274.5% in the second quarter. Bank of America Corp DE now owns 8,022,629 shares of the company’s stock valued at $23,587,000 after buying an additional 5,880,575 shares during the period. Finally, Fourth Sail Capital LP boosted its stake in Vizsla Silver by 42.4% during the fourth quarter. Fourth Sail Capital LP now owns 6,166,612 shares of the company’s stock valued at $33,731,000 after buying an additional 1,834,712 shares in the last quarter. 22.46% of the stock is currently owned by institutional investors.

About Vizsla Silver

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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.

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