Vizsla Silver (TSE:VZLA) Hits New 52-Week High – Here’s What Happened

Vizsla Silver Corp (TSE:VZLA) reached a new 52-week high during trading on Friday . The stock traded as high as C$7.10 and last traded at C$7.12, with a volume of 1331831 shares trading hands. The stock had previously closed at C$6.64.

Analyst Upgrades and Downgrades

VZLA has been the subject of a number of recent research reports. CIBC boosted their target price on Vizsla Silver from C$9.75 to C$11.00 in a research report on Thursday, November 13th. National Bankshares set a C$7.75 price objective on Vizsla Silver and gave the stock an “outperform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$9.38.

Vizsla Silver Trading Up 7.1%

The business’s fifty day simple moving average is C$6.05 and its 200 day simple moving average is C$5.00. The stock has a market cap of C$2.45 billion, a price-to-earnings ratio of -118.50 and a beta of 1.25.

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.