Vizsla Silver (NYSE:VZLA) Sees Large Volume Increase – Here’s What Happened

Vizsla Silver Corp. (NYSE:VZLA) saw unusually-high trading volume on Friday . Approximately 1,646,432 shares changed hands during mid-day trading, a decline of 0% from the previous session’s volume of 1,654,118 shares.The stock last traded at $2.31 and had previously closed at $2.20.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VZLA shares. Roth Mkm upped their price target on Vizsla Silver from $3.00 to $3.25 and gave the stock a “buy” rating in a research note on Friday, January 10th. BMO Capital Markets assumed coverage on shares of Vizsla Silver in a research note on Friday, January 24th. They set an “outperform” rating for the company. Finally, National Bank Financial assumed coverage on shares of Vizsla Silver in a research note on Thursday, December 19th. They issued an “outperform” rating on the stock. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $4.06.

Vizsla Silver Price Performance

The firm’s 50-day moving average is $1.95 and its two-hundred day moving average is $1.95.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VZLA. Accredited Investors Inc. purchased a new stake in Vizsla Silver during the third quarter valued at approximately $30,000. Tidal Investments LLC purchased a new stake in Vizsla Silver during the 3rd quarter valued at $38,000. Sanctuary Advisors LLC bought a new stake in Vizsla Silver in the third quarter worth $37,000. Heck Capital Advisors LLC purchased a new position in Vizsla Silver during the fourth quarter worth $36,000. Finally, Virtu Financial LLC bought a new position in Vizsla Silver during the third quarter valued at $81,000. 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.