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

Vizsla Silver Corp. (NYSE:VZLA)’s stock 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.

Vizsla Silver Stock Down 2.6 %

The stock’s fifty day simple moving average is $1.95 and its two-hundred day simple moving average is $1.90. The firm has a market cap of $518.48 million, a PE ratio of -186.00 and a beta of 0.85.

Institutional Trading of Vizsla Silver

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp purchased a new position in Vizsla Silver during the third quarter valued at $18,528,000. Jane Street Group LLC raised 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 worth $2,321,000 after purchasing an additional 1,160,863 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in Vizsla Silver in the 3rd quarter worth about $1,916,000. Raffles Associates LP boosted its stake in Vizsla Silver by 111.7% in the 3rd quarter. Raffles Associates LP now owns 1,694,010 shares of the company’s stock worth $3,252,000 after purchasing an additional 893,700 shares in the last quarter. Finally, Equinox Partners Investment Management LLC grew its position in Vizsla Silver by 11.5% during the 3rd quarter. Equinox Partners Investment Management LLC now owns 5,991,600 shares of the company’s stock valued at $11,474,000 after purchasing an additional 619,600 shares during the last quarter. Hedge funds and other 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.