Vizsla Silver (NYSE:VZLA) Shares Gap Up – Here’s Why

Vizsla Silver Corp. (NYSE:VZLA)’s share price gapped up before the market opened on Monday . The stock had previously closed at $1.84, but opened at $2.00. Vizsla Silver shares last traded at $1.92, with a volume of 863,534 shares changing hands.

Vizsla Silver Trading Down 2.6 %

The company’s fifty day simple moving average is $1.95 and its 200 day simple moving average is $1.90. The firm has a market capitalization of $518.48 million, a P/E ratio of -186.00 and a beta of 0.85.

Hedge Funds Weigh In On Vizsla Silver

A number of institutional investors have recently bought and sold shares of 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 shares of Vizsla Silver in the 3rd quarter valued at approximately $37,000. Tidal Investments LLC bought a new stake in shares of Vizsla Silver during the third quarter valued at approximately $38,000. Virtu Financial LLC purchased a new stake in Vizsla Silver in the third quarter worth $81,000. Finally, Quantbot Technologies LP raised its holdings in Vizsla Silver by 142.9% in the third quarter. Quantbot Technologies LP now owns 47,717 shares of the company’s stock worth $92,000 after purchasing an additional 28,072 shares in the last quarter. 22.46% of the stock is owned by institutional investors.

Vizsla Silver Company Profile

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.