Vizsla Silver (NYSE:VZLA) Shares Up 8.9% – Here’s What Happened

Vizsla Silver Corp. (NYSE:VZLA)’s share price rose 8.9% during trading on Tuesday . The company traded as high as $2.07 and last traded at $2.07. Approximately 793,480 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 1,735,985 shares. The stock had previously closed at $1.90.

Analyst Upgrades and Downgrades

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

Vizsla Silver Stock Performance

The company has a market capitalization of $543.56 million, a PE ratio of -195.00 and a beta of 0.86. The firm’s 50-day simple moving average is $1.83 and its 200 day simple moving average is $1.92.

Institutional Investors Weigh In On Vizsla Silver

Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC boosted its position in shares of Vizsla Silver by 2,412.1% in the 3rd quarter. Jane Street Group LLC now owns 1,208,989 shares of the company’s stock worth $2,321,000 after buying an additional 1,160,863 shares in the last quarter. Equinox Partners Investment Management LLC lifted its holdings in Vizsla Silver by 11.5% in the 3rd quarter. Equinox Partners Investment Management LLC now owns 5,991,600 shares of the company’s stock valued at $11,474,000 after purchasing an additional 619,600 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Vizsla Silver in the 3rd quarter valued at about $1,916,000. Van ECK Associates Corp purchased a new position in Vizsla Silver in the 3rd quarter valued at about $18,528,000. Finally, Sanctuary Advisors LLC purchased a new position in Vizsla Silver in the 3rd quarter valued at about $37,000. 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.