Royal Bank of Canada Has $12.84 Million Position in Vizsla Silver Corp. $VZLA

Royal Bank of Canada boosted its stake in shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) by 38.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,890,559 shares of the company’s stock after acquiring an additional 1,078,721 shares during the period. Royal Bank of Canada’s holdings in Vizsla Silver were worth $12,839,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Baader Bank Aktiengesellschaft bought a new position in shares of Vizsla Silver in the first quarter worth $41,000. Quantinno Capital Management LP bought a new stake in Vizsla Silver during the first quarter worth about $44,000. Schonfeld Strategic Advisors LLC bought a new stake in Vizsla Silver during the third quarter worth about $50,000. Dynamic Technology Lab Private Ltd acquired a new stake in Vizsla Silver during the third quarter worth about $54,000. Finally, Integrity Alliance LLC. acquired a new stake in Vizsla Silver during the fourth quarter worth about $56,000. 22.46% of the stock is owned by institutional investors and hedge funds.

Vizsla Silver Price Performance

VZLA stock opened at $3.74 on Friday. The company’s 50-day moving average price is $3.37 and its two-hundred day moving average price is $3.74. The firm has a market cap of $1.32 billion, a P/E ratio of -34.00 and a beta of 1.07. The company has a quick ratio of 32.32, a current ratio of 32.32 and a debt-to-equity ratio of 0.55. Vizsla Silver Corp. has a 12 month low of $2.88 and a 12 month high of $7.19.

Vizsla Silver Profile

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.