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

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) was the target of some unusual options trading on Wednesday. Traders bought 10,437 call options on the stock. This represents an increase of approximately 122% compared to the average volume of 4,707 call options.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Millennium Management LLC increased its position in shares of 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 purchasing an additional 2,700,887 shares in the last quarter. JPMorgan Chase & Co. raised its holdings 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 purchasing an additional 51,126 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Vizsla Silver in the second quarter valued at approximately $342,000. Walleye Capital LLC acquired a new stake in shares of Vizsla Silver during the second quarter worth about $650,000. Finally, Amundi grew its holdings 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 acquiring an additional 1,000,000 shares during the period. 22.46% of the stock is currently owned by institutional investors.

Vizsla Silver Price Performance

Shares of Vizsla Silver stock traded up $0.15 during trading on Wednesday, hitting $3.44. 863,679 shares of the stock traded hands, compared to its average volume of 8,435,030. Vizsla Silver has a 52 week low of $2.88 and a 52 week high of $7.19. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -31.35 and a beta of 1.06. The firm’s fifty day moving average is $3.42 and its 200-day moving average is $3.95. The company has a quick ratio of 65.89, a current ratio of 32.32 and a debt-to-equity ratio of 0.55.

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.