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

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) saw unusually large options trading activity on Wednesday. Stock investors bought 11,043 put options on the company. This represents an increase of approximately 107% compared to the average volume of 5,323 put options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VZLA. Ameriprise Financial Inc. lifted its holdings in Vizsla Silver by 10.1% in the third quarter. Ameriprise Financial Inc. now owns 26,310 shares of the company’s stock valued at $114,000 after buying an additional 2,410 shares during the period. Swiss Life Asset Management Ltd lifted its stake in shares of Vizsla Silver by 20.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 14,681 shares of the company’s stock valued at $80,000 after purchasing an additional 2,498 shares during the period. Rathbones Group PLC boosted its position in shares of Vizsla Silver by 52.7% during the 3rd quarter. Rathbones Group PLC now owns 25,000 shares of the company’s stock valued at $108,000 after purchasing an additional 8,625 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in shares of Vizsla Silver by 18.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 58,466 shares of the company’s stock valued at $321,000 after purchasing an additional 9,264 shares in the last quarter. Finally, Corundum Trust Company INC grew its stake in Vizsla Silver by 16.6% during the fourth quarter. Corundum Trust Company INC now owns 70,250 shares of the company’s stock worth $384,000 after purchasing an additional 10,000 shares during the period. Institutional investors and hedge funds own 22.46% of the company’s stock.

Vizsla Silver Price Performance

Shares of Vizsla Silver stock remained flat at $3.34 during midday trading on Friday. The company had a trading volume of 7,604,861 shares, compared to its average volume of 5,248,155. The stock’s fifty day moving average is $3.50 and its two-hundred day moving average is $4.16. Vizsla Silver has a one year low of $2.83 and a one year high of $7.19. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -9.54 and a beta of 1.06. The company has a current ratio of 65.89, a quick ratio of 65.89 and a debt-to-equity ratio of 0.66.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce downgraded Vizsla Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $7.00.

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.