Ninepoint Partners LP Invests $11.25 Million in Vizsla Silver Corp. $VZLA

Ninepoint Partners LP purchased a new stake in Vizsla Silver Corp. (NYSEAMERICAN:VZLA) in the second quarter, Holdings Channel reports. The firm purchased 3,410,000 shares of the company’s stock, valued at approximately $11,253,000. Vizsla Silver accounts for approximately 0.9% of Ninepoint Partners LP’s portfolio, making the stock its 19th biggest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tidal Investments LLC boosted its stake in Vizsla Silver by 72.8% during the third quarter. Tidal Investments LLC now owns 14,435,320 shares of the company’s stock worth $62,361,000 after buying an additional 6,080,923 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 acquiring an additional 3,139,086 shares during the last quarter. Jupiter Asset Management Ltd. raised its holdings in shares of Vizsla Silver by 34.1% during the 4th quarter. Jupiter Asset Management Ltd. now owns 10,013,434 shares of the company’s stock worth $54,934,000 after acquiring an additional 2,545,216 shares during the period. Bank of America Corp DE boosted its position in shares of Vizsla Silver by 274.5% during the 2nd quarter. Bank of America Corp DE now owns 8,022,629 shares of the company’s stock valued at $23,587,000 after acquiring an additional 5,880,575 shares during the last quarter. Finally, Fourth Sail Capital LP boosted its position in shares of Vizsla Silver by 42.4% during the 4th quarter. Fourth Sail Capital LP now owns 6,166,612 shares of the company’s stock valued at $33,731,000 after acquiring an additional 1,834,712 shares during the last quarter. Institutional investors and hedge funds own 22.46% of the company’s stock.

Vizsla Silver Trading Down 0.5%

Shares of VZLA opened at $3.87 on Friday. Vizsla Silver Corp. has a 12-month low of $2.88 and a 12-month high of $7.19. The firm has a market capitalization of $1.37 billion, a P/E ratio of -35.18 and a beta of 1.07. The firm has a 50-day moving average price of $3.39 and a 200 day moving average price of $3.56. The company has a current ratio of 32.32, a quick ratio of 32.32 and a debt-to-equity ratio of 0.55.

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.