Vizsla Silver Sees Unusually Large Options Volume (NYSEAMERICAN:VZLA)

Key Points

• Vizsla Silver Corp. experienced a significant increase in options trading, with 8,853 call options purchased, a 236% rise compared to the average volume.
• In the first quarter, several institutional investors made substantial investments in Vizsla Silver, including Amundi, which raised its holdings by 125%.
• Despite a recent trading decline of 9.1%, analysts maintain a consensus rating of "Buy" on the stock, with target prices generally hovering around $3.25.

Vizsla Silver Corp. (NYSEAMERICAN:VZLA - Get Free Report) saw some unusual options trading on Friday. Investors bought 8,853 call options on the company. This represents an increase of 236% compared to the typical volume of 2,632 call options.

Institutional Trading of Vizsla Silver

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. D.A. Davidson & CO. bought a new stake in shares of Vizsla Silver in the 1st quarter worth about $227,000. Amundi raised its holdings in shares of Vizsla Silver by 125.0% in the first quarter. Amundi now owns 2,250,000 shares of the company's stock worth $4,838,000 after buying an additional 1,250,000 shares during the last quarter. Alps Advisors Inc. increased its stake in shares of Vizsla Silver by 954.6% in the first quarter. Alps Advisors Inc. now owns 969,071 shares of the company's stock worth $2,200,000 after acquiring an additional 877,177 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Vizsla Silver by 7.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 164,459 shares of the company's stock worth $376,000 after acquiring an additional 10,975 shares during the period. Finally, Ninepoint Partners LP acquired a new stake in Vizsla Silver during the first quarter valued at $2,653,000. 22.46% of the stock is currently owned by institutional investors.

Vizsla Silver Trading Down 9.1%

NYSEAMERICAN:VZLA traded down $0.45 during trading hours on Friday, reaching $4.43. The company had a trading volume of 5,263,235 shares, compared to its average volume of 3,139,134. Vizsla Silver has a 52 week low of $1.67 and a 52 week high of $5.07. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -110.33 and a beta of 0.98. The firm's 50 day moving average price is $3.92 and its 200-day moving average price is $3.16.

Analyst Ratings Changes

VZLA has been the topic of a number of research reports. Roth Capital reaffirmed a "buy" rating on shares of Vizsla Silver in a report on Monday, September 8th. National Bank Financial raised Vizsla Silver to a "strong-buy" rating in a research note on Thursday, June 26th. Finally, Zacks Research lowered shares of Vizsla Silver from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Vizsla Silver currently has a consensus rating of "Buy" and a consensus target price of $3.25.

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.

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