Vizsla Silver (NYSEAMERICAN:VZLA) Shares Up 6.5% – Time to Buy?

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) shares shot up 6.5% during mid-day trading on Wednesday . The company traded as high as $3.52 and last traded at $3.5050. Approximately 2,772,434 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 8,446,643 shares. The stock had previously closed at $3.29.

Vizsla Silver Price Performance

The company has a debt-to-equity ratio of 0.55, a quick ratio of 65.89 and a current ratio of 32.32. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -31.32 and a beta of 1.06. The business has a fifty day moving average of $3.42 and a two-hundred day moving average of $3.95.

Hedge Funds Weigh In On Vizsla Silver

Several institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Vizsla Silver during the 4th quarter worth about $5,470,000. Trek Financial LLC lifted its position in Vizsla Silver by 66.0% during the fourth quarter. Trek Financial LLC now owns 1,443,076 shares of the company’s stock worth $7,894,000 after acquiring an additional 573,826 shares during the last quarter. NewGen Asset Management Ltd acquired a new stake in Vizsla Silver during the fourth quarter worth approximately $4,923,000. CIBC Asset Management Inc bought a new stake in shares of Vizsla Silver during the fourth quarter worth approximately $1,747,000. Finally, Bastion Asset Management Inc. bought a new stake in shares of Vizsla Silver during the first quarter worth approximately $8,658,000. 22.46% of the stock is currently owned by institutional investors and hedge funds.

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.