Vizsla Silver (NYSE:VZLA) Shares Gap Up - Here's Why

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) shares gapped up before the market opened 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.

Analysts Set New Price Targets

Separately, National Bank Financial initiated coverage on Vizsla Silver in a research note on Thursday, December 19th. They issued an "outperform" rating for the company.

Vizsla Silver Trading Up 13.5 %

The company has a market capitalization of $540.78 million, a price-to-earnings ratio of -194.00 and a beta of 0.86. The firm's 50 day moving average price is $1.84 and its two-hundred day moving average price is $1.91.

Institutional Trading of Vizsla Silver

A number of hedge funds have recently made changes to their positions in VZLA. Accredited Investors Inc. acquired a new position in Vizsla Silver in the 3rd quarter valued at about $30,000. Sanctuary Advisors LLC acquired a new position in shares of Vizsla Silver in the third quarter valued at approximately $37,000. Tidal Investments LLC bought a new position in shares of Vizsla Silver during the third quarter worth approximately $38,000. Virtu Financial LLC acquired a new stake in Vizsla Silver during the 3rd quarter worth approximately $81,000. Finally, Quantbot Technologies LP boosted its stake in 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 during the period. 22.46% of the stock is owned by institutional investors and hedge funds.

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.