Vizsla Silver (NYSE:VZLA) Trading Up 5.2% – Should You Buy?

Posted by Linda Flegge on Dec 3rd, 2024

Vizsla Silver Corp. (NYSE:VZLA – Get Free Report) rose 5.2% on Tuesday . The company traded as high as $1.82 and last traded at $1.82. Approximately 465,840 shares changed hands during trading, a decline of 56% from the average daily volume of 1,061,575 shares. The stock had previously closed at $1.73.

Vizsla Silver Stock Performance

The company has a market cap of $503.14 million, a PE ratio of -86.75 and a beta of 0.85. The stock’s 50 day moving average price is $1.97 and its 200-day moving average price is $1.90.

Vizsla Silver (NYSE:VZLA – Get Free Report) last issued its earnings results on Thursday, September 12th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). On average, analysts anticipate that Vizsla Silver Corp. will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Vizsla Silver

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in shares of Vizsla Silver in the 1st quarter worth about $46,000. DNB Asset Management AS purchased a new stake in shares of Vizsla Silver during the second quarter valued at approximately $72,000. Corundum Trust Company INC bought a new stake in shares of Vizsla Silver during the second quarter valued at approximately $108,000. Oxbow Advisors LLC bought a new position in Vizsla Silver in the 2nd quarter valued at approximately $110,000. Finally, LGT Fund Management Co Ltd. purchased a new stake in Vizsla Silver during the 2nd quarter valued at $531,000. 22.46% of the stock is owned by hedge funds and other institutional investors.

Vizsla Silver Company Profile

(Get Free Report)

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.