Vizsla Silver Target of Unusually High Options Trading (NYSEAMERICAN:VZLA)

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

Vizsla Silver Stock Performance

Shares of NYSEAMERICAN VZLA traded up $0.03 during mid-day trading on Wednesday, hitting $3.33. The company had a trading volume of 1,285,760 shares, compared to its average volume of 8,765,114. Vizsla Silver has a 12 month low of $2.83 and a 12 month high of $7.19. The firm has a market cap of $1.17 billion, a P/E ratio of -9.50 and a beta of 1.04. The business’s 50-day simple moving average is $3.51 and its 200-day simple moving average is $4.19. The company has a debt-to-equity ratio of 0.66, a current ratio of 65.89 and a quick ratio of 65.89.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC boosted its stake in Vizsla Silver by 1,165.0% during the first quarter. Millennium Management LLC now owns 2,932,731 shares of the company’s stock worth $6,666,000 after buying an additional 2,700,887 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Vizsla Silver by 95.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 104,711 shares of the company’s stock valued at $308,000 after buying an additional 51,126 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Vizsla Silver during the 2nd quarter worth about $342,000. Walleye Capital LLC bought a new position in Vizsla Silver during the second quarter worth about $650,000. Finally, Amundi lifted its stake in Vizsla Silver by 44.4% during the second quarter. Amundi now owns 3,250,000 shares of the company’s stock worth $9,685,000 after purchasing an additional 1,000,000 shares during the period. 22.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce lowered Vizsla Silver from a “strong-buy” rating to a “hold” rating in a 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus 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.