Vizsla Silver (NYSE:VZLA) Sees Unusually-High Trading Volume – Here’s Why

Vizsla Silver Corp. (NYSE:VZLA) shares saw an uptick in trading volume on Monday . 395,058 shares traded hands during mid-day trading, a decline of 59% from the previous session’s volume of 971,705 shares.The stock last traded at $2.29 and had previously closed at $2.24.

Analyst Upgrades and Downgrades

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

Vizsla Silver Price Performance

The firm has a fifty day moving average of $1.99 and a 200 day moving average of $1.80. The stock has a market capitalization of $560.53 million, a price-to-earnings ratio of -47.20 and a beta of 0.97.

Vizsla Silver (NYSE:VZLA) last issued its quarterly earnings data on Thursday, September 12th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). Research analysts predict that Vizsla Silver Corp. will post -0.04 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in shares of Vizsla Silver during the 1st quarter worth about $46,000. DNB Asset Management AS acquired a new position in Vizsla Silver in the 2nd quarter worth about $72,000. Corundum Trust Company INC purchased a new position in Vizsla Silver during the second quarter worth approximately $108,000. Oxbow Advisors LLC acquired a new stake in Vizsla Silver in the second quarter valued at approximately $110,000. Finally, HTLF Bank purchased a new stake in shares of Vizsla Silver in the third quarter valued at approximately $132,000. Hedge funds and other 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.