Vizsla Silver (NYSE:VZLA) Sees Unusually-High Trading Volume – Should You Buy?

Vizsla Silver Corp. (NYSE:VZLA) shares saw strong trading volume on Friday . 1,665,067 shares traded hands during mid-day trading, an increase of 73% from the previous session’s volume of 960,432 shares.The stock last traded at $2.12 and had previously closed at $2.02.

Analysts Set New Price Targets

VZLA has been the topic of several recent analyst reports. HC Wainwright raised their target price on shares of Vizsla Silver from $3.50 to $3.75 and gave the company a “buy” rating in a report on Thursday, July 25th. CIBC boosted their price objective on shares of Vizsla Silver from $3.50 to $4.50 and gave the company an “outperformer” rating in a research report on Monday, July 29th.

Vizsla Silver Stock Performance

The company’s 50 day moving average is $1.94 and its 200 day moving average is $1.75. The firm has a market cap of $567.92 million, a P/E ratio of -104.50 and a beta of 0.97.

Vizsla Silver (NYSE:VZLA) last released its quarterly earnings data on Thursday, September 12th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). On average, equities research analysts anticipate that Vizsla Silver Corp. will post -0.04 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VZLA. Virtu Financial LLC acquired a new position in Vizsla Silver during the 1st quarter worth about $46,000. DNB Asset Management AS bought a new position in Vizsla Silver during the 2nd quarter worth approximately $72,000. Corundum Trust Company INC acquired a new position in shares of Vizsla Silver in the 2nd quarter worth approximately $108,000. Oxbow Advisors LLC bought a new stake in shares of Vizsla Silver in the 2nd quarter valued at $110,000. Finally, K2 Principal Fund L.P. bought a new stake in shares of Vizsla Silver in the 2nd quarter valued at $160,000. Institutional investors own 22.46% of the company’s stock.

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.