Vizsla Silver (NYSE:VZLA) Trading Down 4.1% – Should You Sell?

Shares of Vizsla Silver Corp. (NYSE:VZLA) traded down 4.1% on Thursday . The company traded as low as $2.00 and last traded at $2.01. 474,613 shares changed hands during trading, a decline of 73% from the average session volume of 1,751,013 shares. The stock had previously closed at $2.09.

Analyst Ratings Changes

A number of brokerages have commented on VZLA. National Bank Financial started coverage on shares of Vizsla Silver in a research report on Thursday, December 19th. They issued an “outperform” rating on the stock. Roth Mkm boosted their price objective on shares of Vizsla Silver from $3.00 to $3.25 and gave the stock a “buy” rating in a research report on Friday, January 10th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $4.06.

Vizsla Silver Price Performance

The business’s 50-day moving average price is $1.84 and its 200-day moving average price is $1.93. The firm has a market capitalization of $555.55 million, a PE ratio of -199.50 and a beta of 0.86.

Institutional Trading of Vizsla Silver

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Accredited Investors Inc. purchased a new position in shares of Vizsla Silver during the 3rd quarter worth approximately $30,000. Sanctuary Advisors LLC purchased a new position in Vizsla Silver in the third quarter worth $37,000. Tidal Investments LLC purchased a new stake in shares of Vizsla Silver during the 3rd quarter worth $38,000. Virtu Financial LLC purchased a new stake in shares of Vizsla Silver during the 3rd quarter worth $81,000. Finally, Quantbot Technologies LP increased its holdings in shares of Vizsla Silver by 142.9% in the 3rd quarter. Quantbot Technologies LP now owns 47,717 shares of the company’s stock valued at $92,000 after purchasing an additional 28,072 shares in the last quarter. 22.46% of the stock is owned by hedge funds and other institutional investors.

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.