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

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

Vizsla Silver Stock Up 4.4%

The company has a current ratio of 32.32, a quick ratio of 65.89 and a debt-to-equity ratio of 0.55. The stock has a market cap of $1.21 billion, a P/E ratio of -31.32 and a beta of 1.06. The firm has a 50-day simple moving average of $3.42 and a two-hundred day simple moving average of $3.95.

Institutional Investors Weigh In On Vizsla Silver

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tidal Investments LLC increased its stake in Vizsla Silver by 72.8% during the 3rd quarter. Tidal Investments LLC now owns 14,435,320 shares of the company’s stock worth $62,361,000 after acquiring an additional 6,080,923 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Vizsla Silver by 38.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,395,079 shares of the company’s stock valued at $49,220,000 after acquiring an additional 3,139,086 shares during the period. Jupiter Asset Management Ltd. grew its holdings in shares of Vizsla Silver by 34.1% during the 4th quarter. Jupiter Asset Management Ltd. now owns 10,013,434 shares of the company’s stock worth $54,934,000 after purchasing an additional 2,545,216 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Vizsla Silver by 274.5% during the 2nd 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 in the last quarter. Finally, Fourth Sail Capital LP increased its position in shares of Vizsla Silver by 42.4% in the fourth quarter. Fourth Sail Capital LP now owns 6,166,612 shares of the company’s stock worth $33,731,000 after purchasing an additional 1,834,712 shares during the period. 22.46% of the stock is currently owned by institutional investors and hedge funds.

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.