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

Vizsla Silver Corp (TSE:VZLA)’s share price was down 12.4% during mid-day trading on Monday . 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.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VZLA. National Bankshares set a C$7.75 price objective on shares of Vizsla Silver and gave the company an “outperform” rating in a report on Tuesday, November 25th. Canadian Imperial Bank of Commerce increased their target price on Vizsla Silver from C$9.75 to C$11.00 in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$9.38.

Vizsla Silver Trading Down 12.4%

The firm’s fifty day moving average price is C$7.64 and its 200-day moving average price is C$6.27. The firm has a market cap of C$1.89 billion, a price-to-earnings ratio of -91.50 and a beta of 1.74.

Vizsla Silver (TSE:VZLA) last announced its quarterly earnings results 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.