Vizsla Silver (TSE:VZLA) Stock Price Down 12.4% – Here’s Why

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on VZLA shares. National Bankshares set a C$7.75 price target on Vizsla Silver and gave the company an “outperform” rating in a report on Tuesday, November 25th. Canadian Imperial Bank of Commerce boosted their target price 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 Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$9.38.

Vizsla Silver Stock Down 12.4%

The company has a market cap of C$1.89 billion, a P/E ratio of -91.50 and a beta of 1.74. The business has a 50-day moving average price of C$7.64 and a two-hundred day moving average price of C$6.27.

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

About Vizsla Silver

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.