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

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) saw unusually large options trading activity on Monday. Traders acquired 5,147 put options on the company. This is an increase of approximately 23% compared to the average volume of 4,187 put options.

Vizsla Silver Trading Down 7.1%

VZLA stock traded down $0.42 during trading hours on Monday, hitting $5.50. 10,117,304 shares of the stock were exchanged, compared to its average volume of 3,766,024. Vizsla Silver has a 12 month low of $1.67 and a 12 month high of $5.95. The firm has a market capitalization of $1.89 billion, a P/E ratio of -137.50 and a beta of 0.94. The company has a 50-day simple moving average of $4.68 and a two-hundred day simple moving average of $3.98.

Hedge Funds Weigh In On Vizsla Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amundi grew its stake in Vizsla Silver by 125.0% in the first quarter. Amundi now owns 2,250,000 shares of the company’s stock worth $4,838,000 after purchasing an additional 1,250,000 shares during the period. K.J. Harrison & Partners Inc bought a new stake in Vizsla Silver during the second quarter valued at approximately $2,460,000. Verde Servicos Internacionais S.A. purchased a new stake in Vizsla Silver in the second quarter worth about $323,000. Fourth Sail Capital LP bought a new stake in Vizsla Silver during the second quarter valued at about $12,736,000. Finally, Triasima Portfolio Management inc. purchased a new stake in Vizsla Silver in the 2nd quarter worth $1,546,000. 22.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Cantor Fitzgerald initiated coverage on Vizsla Silver in a report on Monday, December 22nd. They issued a “buy” rating and a $7.00 price target on the stock. Roth Capital upped their price objective on shares of Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $5.75.

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.