Trek Financial LLC Invests $3.76 Million in Vizsla Silver Corp. $VZLA

Trek Financial LLC bought a new stake in shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 869,250 shares of the company’s stock, valued at approximately $3,755,000. Trek Financial LLC owned about 0.25% of Vizsla Silver as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. K.J. Harrison & Partners Inc purchased a new stake in shares of Vizsla Silver during the second quarter valued at $2,460,000. Verde Servicos Internacionais S.A. bought a new stake in shares of Vizsla Silver during the second quarter valued at approximately $323,000. Fourth Sail Capital LP bought a new position in Vizsla Silver in the second quarter worth approximately $12,736,000. Triasima Portfolio Management inc. purchased a new position in Vizsla Silver during the 2nd quarter worth $1,546,000. Finally, XTX Topco Ltd bought a new stake in Vizsla Silver during the 2nd quarter valued at $935,000. 22.46% of the stock is owned by institutional investors.

Vizsla Silver Stock Up 4.6%

VZLA stock traded up $0.29 during midday trading on Friday, reaching $6.65. The company’s stock had a trading volume of 7,530,499 shares, compared to its average volume of 7,190,581. The business’s 50-day simple moving average is $5.37 and its 200-day simple moving average is $4.34. The stock has a market cap of $2.31 billion, a PE ratio of -166.25 and a beta of 0.94. Vizsla Silver Corp. has a 52 week low of $1.69 and a 52 week high of $6.74.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on VZLA. Cantor Fitzgerald assumed coverage on Vizsla Silver in a research report on Monday, December 22nd. They set a “buy” rating and a $7.00 price target on the stock. Roth Mkm boosted their price target on shares of Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Vizsla Silver in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price 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.