Vizsla Silver (TSE:VZLA) Stock Price Down 12.4% – Time to Sell?

Shares of Vizsla Silver Corp (TSE:VZLA) dropped 12.4% on Tuesday . The company traded as low as C$5.29 and last traded at C$5.49. Approximately 6,922,255 shares were traded during mid-day trading, an increase of 242% from the average daily volume of 2,023,899 shares. The stock had previously closed at C$6.27.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. National Bank Financial downgraded Vizsla Silver from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$10.50 to C$6.40 in a report on Wednesday. Canadian Imperial Bank of Commerce increased their price target on shares of Vizsla Silver from C$9.75 to C$11.00 in a research note on Thursday, November 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$8.70.

Vizsla Silver Stock Performance

The firm has a fifty day simple moving average of C$7.53 and a 200-day simple moving average of C$6.26. The firm has a market cap of C$1.69 billion, a price-to-earnings ratio of -82.00 and a beta of 1.74.

Vizsla Silver (TSE:VZLA) last issued its quarterly earnings data on Thursday, December 11th. The company reported C($0.02) earnings per share for the quarter.

Vizsla Silver Company Profile

Vizsla Silver Corp is a junior mineral exploration and development company focused on advancing its Panuco silver-gold project located in Sinaloa, Mexico. The property contains quartz-carbonate veins with workings defining both steeply plunging and sub-horizontal ore shoots. Mineralization occurs as silver sulphides including argentite and acanthite, native gold, electrum and native silver associated with pyrite, minor galena, sphalerite and rare chalcopyrite.