Vizsla Silver (NYSE:VZLA) Shares Gap Up – Still a Buy?

Vizsla Silver Corp. (NYSE:VZLA) gapped up prior to trading on Monday . The stock had previously closed at $1.71, but opened at $1.96. Vizsla Silver shares last traded at $1.90, with a volume of 978,045 shares traded.

Wall Street Analyst Weigh In

Separately, National Bank Financial initiated coverage on shares of Vizsla Silver in a report on Thursday, December 19th. They issued an “outperform” rating on the stock.

Vizsla Silver Price Performance

The stock’s fifty day simple moving average is $1.84 and its 200-day simple moving average is $1.91. The stock has a market cap of $536.60 million, a P/E ratio of -192.50 and a beta of 0.85.

Institutional Investors Weigh In On Vizsla Silver

A number of hedge funds have recently made changes to their positions in VZLA. Van ECK Associates Corp bought a new stake in shares of Vizsla Silver during the third quarter valued at approximately $18,528,000. Jane Street Group LLC raised its holdings in shares of Vizsla Silver by 2,412.1% during the third quarter. Jane Street Group LLC now owns 1,208,989 shares of the company’s stock valued at $2,321,000 after buying an additional 1,160,863 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Vizsla Silver during the third quarter valued at approximately $1,916,000. Raffles Associates LP raised its holdings in shares of Vizsla Silver by 111.7% during the third quarter. Raffles Associates LP now owns 1,694,010 shares of the company’s stock valued at $3,252,000 after buying an additional 893,700 shares during the last quarter. Finally, Equinox Partners Investment Management LLC raised its holdings in shares of Vizsla Silver by 11.5% during the third quarter. Equinox Partners Investment Management LLC now owns 5,991,600 shares of the company’s stock valued at $11,474,000 after buying an additional 619,600 shares during the last quarter. 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.