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

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) was the target of unusually large options trading activity on Wednesday. Traders purchased 11,043 put options on the company. This is an increase of 107% compared to the average daily volume of 5,323 put options.

Vizsla Silver Stock Up 0.8%

VZLA traded up $0.03 during midday trading on Wednesday, hitting $3.33. 1,285,760 shares of the company’s stock traded hands, compared to its average volume of 8,765,114. The company has a debt-to-equity ratio of 0.66, a current ratio of 65.89 and a quick ratio of 65.89. The company has a market cap of $1.17 billion, a PE ratio of -9.50 and a beta of 1.04. The stock’s fifty day simple moving average is $3.51 and its 200-day simple moving average is $4.19. Vizsla Silver has a one year low of $2.83 and a one year high of $7.19.

Institutional Investors Weigh In On Vizsla Silver

A number of large investors have recently bought and sold shares of the business. Integrity Alliance LLC. acquired a new position in Vizsla Silver during the fourth quarter worth $56,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Vizsla Silver by 10,764.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 10,321 shares of the company’s stock valued at $56,000 after acquiring an additional 10,226 shares in the last quarter. StoneX Group Inc. bought a new position in shares of Vizsla Silver in the 4th quarter valued at approximately $60,000. Schonfeld Strategic Advisors LLC bought a new stake in Vizsla Silver during the third quarter worth approximately $50,000. Finally, Swiss Life Asset Management Ltd bought a new stake in shares of Vizsla Silver during the 3rd quarter worth $53,000. 22.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Canadian Imperial Bank of Commerce downgraded shares of Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Vizsla Silver currently has an average rating of “Moderate Buy” and an average price target of $7.00.

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.