Vizsla Silver (NYSE:VZLA) Trading Up 4% – Here’s What Happened

Vizsla Silver Corp. (NYSE:VZLA) was up 4% on Tuesday . The stock traded as high as $2.45 and last traded at $2.46. Approximately 638,880 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 1,368,329 shares. The stock had previously closed at $2.36.

Analyst Upgrades and Downgrades

VZLA has been the topic of a number of recent research reports. BMO Capital Markets initiated coverage on shares of Vizsla Silver in a research report on Friday, January 24th. They set an “outperform” rating on the stock. National Bank Financial assumed coverage on Vizsla Silver in a research note on Thursday, December 19th. They issued an “outperform” rating for the company. Finally, Roth Mkm increased their price objective on shares of Vizsla Silver from $3.00 to $3.25 and gave the company a “buy” rating in a research report on Friday, January 10th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $4.06.

Vizsla Silver Trading Down 0.8 %

The company has a market cap of $682.15 million, a price-to-earnings ratio of -238.00 and a beta of 0.92. The firm has a 50-day moving average price of $2.09 and a 200 day moving average price of $1.98.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Heck Capital Advisors LLC acquired a new position in Vizsla Silver during the 4th quarter valued at approximately $36,000. Sanctuary Advisors LLC bought a new stake in Vizsla Silver in the 3rd quarter valued at about $37,000. Tidal Investments LLC acquired a new stake in shares of Vizsla Silver in the third quarter valued at approximately $38,000. Two Sigma Advisers LP acquired a new position in shares of Vizsla Silver during the fourth quarter worth approximately $55,000. Finally, Virtu Financial LLC acquired a new stake in Vizsla Silver in the 3rd quarter valued at approximately $81,000. 22.46% of the stock is owned by institutional investors and hedge funds.

About Vizsla Silver

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.