Traders Buy Large Volume of Vizsla Silver Call Options (NYSEAMERICAN:VZLA)

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) saw unusually large options trading on Wednesday. Traders acquired 10,437 call options on the company. This is an increase of 122% compared to the average daily volume of 4,707 call options.

Vizsla Silver Trading Up 4.7%

VZLA traded up $0.15 during midday trading on Wednesday, hitting $3.44. The company’s stock had a trading volume of 863,679 shares, compared to its average volume of 8,435,030. The firm has a 50-day moving average price of $3.42 and a two-hundred day moving average price of $3.95. The firm has a market cap of $1.22 billion, a P/E ratio of -31.35 and a beta of 1.06. The company has a current ratio of 32.32, a quick ratio of 65.89 and a debt-to-equity ratio of 0.55. Vizsla Silver has a 52-week low of $2.88 and a 52-week high of $7.19.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Baader Bank Aktiengesellschaft bought a new position in shares of Vizsla Silver in the 1st quarter valued at approximately $41,000. Quantinno Capital Management LP acquired a new stake in Vizsla Silver during the 1st quarter worth $44,000. J. Derek Lewis & Associates Inc. acquired a new stake in Vizsla Silver in the first quarter worth $46,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Vizsla Silver during the 3rd quarter valued at about $50,000. Finally, Swiss Life Asset Management Ltd acquired a new position in Vizsla Silver in the 3rd quarter worth $53,000. Hedge funds and other institutional investors own 22.46% of the company’s stock.

Vizsla Silver Company 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.