Bank of America Corp DE Sells 947,669 Shares of Vizsla Silver Corp. $VZLA

Key Points

• Bank of America reduced its Vizsla Silver stake by 12.8% in the first quarter, selling 947,669 shares and retaining 6.48 million shares valued at approximately $21.4 million, or 1.85% of the company.
• Several institutional investors increased their positions, including Tidal Investments, Mirae Asset Global ETFs, Jupiter Asset Management, Fourth Sail Capital, and Alps Advisors. Institutional investors collectively own 22.46% of Vizsla Silver.
• Vizsla Silver shares opened at $3.57, compared with a 12-month range of $2.88 to $7.19. The Canada-based company is advancing its high-grade Panuco silver project in Mexico.

Bank of America Corp DE lessened its holdings in shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA - Free Report) by 12.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,478,904 shares of the company's stock after selling 947,669 shares during the quarter. Bank of America Corp DE owned 1.85% of Vizsla Silver worth $21,380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VZLA. Tidal Investments LLC lifted its holdings in shares of Vizsla Silver by 72.8% during the 3rd quarter. Tidal Investments LLC now owns 14,435,320 shares of the company's stock valued at $62,361,000 after purchasing an additional 6,080,923 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Vizsla Silver by 38.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,395,079 shares of the company's stock worth $49,220,000 after purchasing an additional 3,139,086 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake in Vizsla Silver by 34.1% during the 4th quarter. Jupiter Asset Management Ltd. now owns 10,013,434 shares of the company's stock worth $54,934,000 after purchasing an additional 2,545,216 shares in the last quarter. Fourth Sail Capital LP raised its holdings in Vizsla Silver by 42.4% during the 4th quarter. Fourth Sail Capital LP now owns 6,166,612 shares of the company's stock worth $33,731,000 after buying an additional 1,834,712 shares during the period. Finally, Alps Advisors Inc. raised its holdings in Vizsla Silver by 69.1% during the 4th quarter. Alps Advisors Inc. now owns 5,733,091 shares of the company's stock worth $31,360,000 after buying an additional 2,342,563 shares during the period. 22.46% of the stock is currently owned by institutional investors.

Vizsla Silver Stock Performance

Shares of VZLA opened at $3.57 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 32.32 and a current ratio of 32.32. Vizsla Silver Corp. has a twelve month low of $2.88 and a twelve month high of $7.19. The firm's 50 day moving average price is $3.37 and its two-hundred day moving average price is $3.59. The firm has a market cap of $1.26 billion, a P/E ratio of -32.45 and a beta of 1.07.

About Vizsla Silver

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.

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