Tidal Investments LLC Purchases 5,641,729 Shares of Vizsla Silver Corp. $VZLA

Key Points

• Tidal Investments increased its Vizsla Silver stake by 28.1% in the second quarter, purchasing 5.64 million additional shares and bringing its holdings to 25.69 million shares, or 7.26% of the company.
• Other institutional investors also expanded their positions, including Bank of America, which increased its stake by 274.5%. Institutional investors and hedge funds collectively own 22.46% of Vizsla Silver.
• Vizsla Silver shares opened at $4.09, with a market capitalization of $1.45 billion and a 12-month trading range of $2.88 to $7.19. The company is advancing its high-grade Panuco silver project in Mexico.

Tidal Investments LLC increased its position in Vizsla Silver Corp. (NYSEAMERICAN:VZLA - Free Report) by 28.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,691,653 shares of the company's stock after buying an additional 5,641,729 shares during the quarter. Tidal Investments LLC owned 7.26% of Vizsla Silver worth $84,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in VZLA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 acquiring an additional 3,139,086 shares during the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of Vizsla Silver by 34.1% during the fourth quarter. Jupiter Asset Management Ltd. now owns 10,013,434 shares of the company's stock valued at $54,934,000 after acquiring an additional 2,545,216 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Vizsla Silver by 274.5% during the second quarter. Bank of America Corp DE now owns 8,022,629 shares of the company's stock valued at $23,587,000 after acquiring an additional 5,880,575 shares during the last quarter. Fourth Sail Capital LP lifted its holdings in shares of Vizsla Silver by 42.4% during the fourth quarter. Fourth Sail Capital LP now owns 6,166,612 shares of the company's stock worth $33,731,000 after purchasing an additional 1,834,712 shares during the period. Finally, Alps Advisors Inc. lifted its holdings in shares of Vizsla Silver by 69.1% during the fourth quarter. Alps Advisors Inc. now owns 5,733,091 shares of the company's stock worth $31,360,000 after purchasing an additional 2,342,563 shares during the period. 22.46% of the stock is currently owned by institutional investors and hedge funds.

Vizsla Silver Stock Performance

Shares of Vizsla Silver stock opened at $4.09 on Thursday. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -24.06 and a beta of 1.11. Vizsla Silver Corp. has a twelve month low of $2.88 and a twelve month high of $7.19. The company's fifty day moving average is $3.57 and its 200 day moving average is $3.55. The company has a quick ratio of 32.32, a current ratio of 55.18 and a debt-to-equity ratio of 0.57.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.