Vizsla Silver (TSE:VZLA) Trading Down 12.3% – Should You Sell?

Shares of Vizsla Silver Corp (TSE:VZLA) traded down 12.3% during trading on Monday . The stock traded as low as C$5.41 and last traded at C$5.50. 1,802,981 shares changed hands during trading, an increase of 1% from the average session volume of 1,788,428 shares. The stock had previously closed at C$6.27.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on VZLA shares. Canadian Imperial Bank of Commerce raised 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 target on Vizsla Silver and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Vizsla Silver has an average rating of “Buy” and an average price target of C$9.38.

Vizsla Silver Stock Performance

The stock has a market cap of C$1.89 billion, a price-to-earnings ratio of -91.50 and a beta of 1.74. The firm’s 50-day moving average price is C$7.67 and its two-hundred day moving average price is C$6.26.

Vizsla Silver (TSE:VZLA) last posted its 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.