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

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) was the target of some unusual options trading activity on Monday. Stock investors bought 7,895 call options on the company. This represents an increase of 108% compared to the average daily volume of 3,789 call options.

Vizsla Silver Price Performance

Shares of VZLA opened at $5.15 on Wednesday. The stock has a market cap of $1.78 billion, a PE ratio of -128.75 and a beta of 0.94. Vizsla Silver has a 12 month low of $1.67 and a 12 month high of $5.61. The stock’s 50-day moving average is $4.55 and its two-hundred day moving average is $3.85.

Analysts Set New Price Targets

Several analysts recently issued reports on VZLA shares. Zacks Research cut shares of Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. Roth Capital lifted their price objective on Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $5.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Sprott Inc. boosted its position in Vizsla Silver by 3.9% during the 1st quarter. Sprott Inc. now owns 23,703,712 shares of the company’s stock valued at $54,084,000 after purchasing an additional 898,246 shares during the period. Franklin Resources Inc. raised its position in Vizsla Silver by 9.3% in the second quarter. Franklin Resources Inc. now owns 15,291,000 shares of the company’s stock worth $45,146,000 after acquiring an additional 1,306,000 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Vizsla Silver by 72.8% in the 3rd quarter. Tidal Investments LLC now owns 14,435,320 shares of the company’s stock worth $62,361,000 after purchasing an additional 6,080,923 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Vizsla Silver by 41.7% in the third quarter. Van ECK Associates Corp now owns 13,587,661 shares of the company’s stock valued at $58,698,000 after buying an additional 4,001,170 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 valued at $49,220,000 after purchasing an additional 3,139,086 shares during the last quarter. 22.46% of the stock is currently owned by hedge funds and other institutional investors.

Vizsla Silver Company Profile

Vizsla Silver Corp. engages in the exploration, and development of precious and base metal assets. The company explores for gold, silver, and copper deposits. It owns 100% interest in the Panuco Project covering an area of 7,189.5 hectares located in located in southern Sinaloa, Mexico. The company was formerly known as Vizsla Resources Corp.