Traders Purchase Large Volume of Call Options on Vizsla Silver (NYSEAMERICAN:VZLA)

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) saw unusually large options trading on Monday. Stock investors bought 11,976 call options on the stock. This represents an increase of approximately 53% compared to the average daily volume of 7,833 call options.

Vizsla Silver Stock Performance

NYSEAMERICAN:VZLA traded up $0.18 during midday trading on Monday, reaching $3.54. 1,724,165 shares of the company traded hands, compared to its average volume of 9,259,608. Vizsla Silver has a twelve month low of $2.82 and a twelve month high of $7.19. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -10.08 and a beta of 1.04. The company has a debt-to-equity ratio of 0.66, a current ratio of 65.89 and a quick ratio of 65.89. The company has a fifty day moving average price of $3.47 and a 200 day moving average price of $4.35.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. J. Derek Lewis & Associates Inc. bought a new stake in Vizsla Silver during the 1st quarter valued at $46,000. Amundi raised its stake in Vizsla Silver by 26.8% during the 1st quarter. Amundi now owns 4,755,258 shares of the company’s stock valued at $15,692,000 after acquiring an additional 1,005,258 shares in the last quarter. Royal Bank of Canada raised its stake in Vizsla Silver by 38.4% during the 1st quarter. Royal Bank of Canada now owns 3,890,559 shares of the company’s stock valued at $12,839,000 after acquiring an additional 1,078,721 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Vizsla Silver by 30.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,492,460 shares of the company’s stock valued at $4,933,000 after acquiring an additional 348,686 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new stake in Vizsla Silver during the 1st quarter valued at $44,000. Institutional investors and hedge funds own 22.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VZLA. Canadian Imperial Bank of Commerce lowered Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. National Bank Financial lowered Vizsla Silver from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, February 10th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $7.00.

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.