Vizsla Silver (NYSE:VZLA) Shares Up 8.9% - Here's What Happened

Shares of Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) shot up 8.9% on Tuesday . The company traded as high as $2.07 and last traded at $2.07. 793,480 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 1,735,985 shares. The stock had previously closed at $1.90.

Analyst Ratings Changes

VZLA has been the subject of several research analyst reports. National Bank Financial assumed coverage on Vizsla Silver in a research report on Thursday, December 19th. They set an "outperform" rating for the company. Roth Mkm lifted their price objective on shares of Vizsla Silver from $3.00 to $3.25 and gave the company a "buy" rating in a report on Friday. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vizsla Silver presently has an average rating of "Buy" and an average target price of $4.06.

Vizsla Silver Trading Up 4.7 %

The firm has a market capitalization of $554.72 million, a P/E ratio of -199.00 and a beta of 0.86. The stock has a 50-day simple moving average of $1.83 and a two-hundred day simple moving average of $1.92.

Institutional Investors Weigh In On Vizsla Silver

Several large investors have recently modified their holdings of the business. Accredited Investors Inc. purchased a new position in Vizsla Silver during the third quarter valued at approximately $30,000. Sanctuary Advisors LLC bought a new stake in Vizsla Silver during the 3rd quarter valued at $37,000. Tidal Investments LLC purchased a new position in shares of Vizsla Silver in the 3rd quarter valued at $38,000. Virtu Financial LLC bought a new position in shares of Vizsla Silver in the 3rd quarter worth $81,000. Finally, Quantbot Technologies LP raised its position 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 worth $92,000 after acquiring an additional 28,072 shares in 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.