Vizsla Silver (NYSEAMERICAN:VZLA) Stock Price Up 6.5% – What’s Next?

Vizsla Silver Corp. (NYSEAMERICAN:VZLA)’s stock price was 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 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’s fifty day moving average price is $3.40 and its 200 day moving average price is $3.92. The company has a market capitalization of $1.15 billion, a P/E ratio of -29.45 and a beta of 1.06. The company has a quick ratio of 65.89, a current ratio of 32.32 and a debt-to-equity ratio of 0.55.

Hedge Funds Weigh In On Vizsla Silver

A number of hedge funds have recently added to or reduced their stakes in VZLA. Tidal Investments LLC bought a new position in shares of Vizsla Silver in the second quarter worth $24,562,000. Bank of America Corp DE lifted its position in Vizsla Silver by 274.5% during the second quarter. Bank of America Corp DE now owns 8,022,629 shares of the company’s stock worth $23,587,000 after purchasing an additional 5,880,575 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Vizsla Silver by 38.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,395,079 shares of the company’s stock worth $49,220,000 after buying an additional 3,139,086 shares in the last quarter. Bank of Montreal Can increased its holdings in Vizsla Silver by 24,064.1% in the 4th quarter. Bank of Montreal Can now owns 3,020,511 shares of the company’s stock valued at $16,549,000 after buying an additional 3,008,011 shares during the period. Finally, Millennium Management LLC raised its position in shares of Vizsla Silver by 1,165.0% in the 1st quarter. Millennium Management LLC now owns 2,932,731 shares of the company’s stock valued at $6,666,000 after buying an additional 2,700,887 shares in the last quarter. Institutional investors own 22.46% of the company’s stock.

Vizsla Silver Company Profile

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.