Vizsla Silver (TSE:VZLA) Stock Price Down 16.5% – What’s Next?

Vizsla Silver Corp (TSE:VZLA) shares traded down 16.5% on Thursday . The company traded as low as C$7.66 and last traded at C$7.73. 4,352,279 shares changed hands during trading, an increase of 176% from the average session volume of 1,579,191 shares. The stock had previously closed at C$9.26.

Wall Street Analysts Forecast Growth

VZLA has been the subject of several research analyst reports. CIBC increased their target price on shares of Vizsla Silver from C$9.75 to C$11.00 in a research note on Thursday, November 13th. 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. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$9.38.

Vizsla Silver Trading Down 12.6%

The company’s 50 day simple moving average is C$7.67 and its 200 day simple moving average is C$6.17. The stock has a market capitalization of C$2.37 billion, a PE ratio of -114.83 and a beta of 1.70.

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