Vizsla Silver (NYSE:VZLA) Shares Gap Up – Time to Buy?

Vizsla Silver Corp. (NYSE:VZLA) 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial began coverage on Vizsla Silver in a research report on Thursday, December 19th. They set an “outperform” rating on the stock.

Vizsla Silver Trading Down 1.0 %

The firm has a market capitalization of $535.20 million, a price-to-earnings ratio of -192.00 and a beta of 0.86. The firm’s 50-day moving average is $1.83 and its 200 day moving average is $1.91.

Hedge Funds Weigh In On Vizsla Silver

Hedge funds have recently modified their holdings of the business. Van ECK Associates Corp acquired a new stake in Vizsla Silver in the third quarter valued at $18,528,000. Jane Street Group LLC grew its position in shares of Vizsla Silver by 2,412.1% in the 3rd quarter. Jane Street Group LLC now owns 1,208,989 shares of the company’s stock valued at $2,321,000 after buying an additional 1,160,863 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Vizsla Silver in the third quarter valued at about $1,916,000. Raffles Associates LP raised its position in shares of Vizsla Silver by 111.7% during the third quarter. Raffles Associates LP now owns 1,694,010 shares of the company’s stock worth $3,252,000 after acquiring an additional 893,700 shares during the last quarter. Finally, Equinox Partners Investment Management LLC lifted its stake in shares of Vizsla Silver by 11.5% in the third quarter. Equinox Partners Investment Management LLC now owns 5,991,600 shares of the company’s stock worth $11,474,000 after acquiring an additional 619,600 shares during the period. Institutional investors and hedge funds 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.