Investors Purchase High Volume of Vizsla Silver Put Options (NYSEAMERICAN:VZLA)

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) was the recipient of unusually large options trading on Wednesday. Traders acquired 11,043 put options on the stock. This is an increase of approximately 107% compared to the average volume of 5,323 put options.

Institutional Trading of Vizsla Silver

Several institutional investors and hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. raised its holdings in Vizsla Silver by 10.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 26,310 shares of the company’s stock valued at $114,000 after acquiring an additional 2,410 shares during the period. Swiss Life Asset Management Ltd boosted its holdings in shares of Vizsla Silver by 20.5% during the fourth quarter. Swiss Life Asset Management Ltd now owns 14,681 shares of the company’s stock worth $80,000 after acquiring an additional 2,498 shares during the period. Rathbones Group PLC grew its position in shares of Vizsla Silver by 52.7% in the third quarter. Rathbones Group PLC now owns 25,000 shares of the company’s stock valued at $108,000 after purchasing an additional 8,625 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of Vizsla Silver by 18.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 58,466 shares of the company’s stock valued at $321,000 after purchasing an additional 9,264 shares during the last quarter. Finally, Corundum Trust Company INC increased its stake in shares of Vizsla Silver by 16.6% during the fourth quarter. Corundum Trust Company INC now owns 70,250 shares of the company’s stock worth $384,000 after purchasing an additional 10,000 shares during the period. Institutional investors own 22.46% of the company’s stock.

Vizsla Silver Price Performance

Shares of VZLA stock remained flat at $3.34 on Friday. 7,604,861 shares of the stock were exchanged, compared to its average volume of 5,248,155. Vizsla Silver has a 12 month low of $2.83 and a 12 month high of $7.19. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -9.54 and a beta of 1.06. The stock’s 50 day moving average price is $3.50 and its 200-day moving average price is $4.16. The company has a quick ratio of 65.89, a current ratio of 65.89 and a debt-to-equity ratio of 0.66.

Wall Street Analyst Weigh In

Separately, Canadian Imperial Bank of Commerce downgraded Vizsla Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.