Vizsla Silver (NYSE:VZLA) Shares Up 5.2% – Here’s Why

Shares of Vizsla Silver Corp. (NYSE:VZLA) traded up 5.2% during mid-day trading on Tuesday . The company traded as high as $1.82 and last traded at $1.82. 465,840 shares were traded during mid-day trading, a decline of 56% from the average session volume of 1,061,575 shares. The stock had previously closed at $1.73.

Vizsla Silver Stock Up 4.3 %

The company has a market cap of $503.14 million, a P/E ratio of -86.75 and a beta of 0.85. The company has a fifty day moving average of $1.97 and a 200 day moving average of $1.90.

Vizsla Silver (NYSE:VZLA) last released its quarterly earnings results on Thursday, September 12th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). As a group, research analysts forecast that Vizsla Silver Corp. will post -0.03 EPS for the current year.

Hedge Funds Weigh In On Vizsla Silver

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in shares of Vizsla Silver during the 1st quarter valued at approximately $46,000. DNB Asset Management AS purchased a new stake in shares of Vizsla Silver in the second quarter worth $72,000. Corundum Trust Company INC bought a new stake in shares of Vizsla Silver during the 2nd quarter valued at $108,000. Oxbow Advisors LLC purchased a new position in shares of Vizsla Silver in the second quarter valued at about $110,000. Finally, LGT Fund Management Co Ltd. bought a new position in shares of Vizsla Silver in the second quarter worth about $531,000. 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.