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

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

Vizsla Silver News Summary

Here are the key news stories impacting Vizsla Silver this week:

• Neutral Sentiment: Vizsla issued an update saying employees were abducted and that it is coordinating with local authorities and implementing security measures; the company’s statement is ongoing and provided limited operational detail. Read More.
• Neutral Sentiment: Market coverage explains the sharp sell-off as investors pricing in operational and geopolitical risk at the Pánuco area; coverage frames the drop as a risk-repricing event rather than a change in underlying resources. Read More.
• Negative Sentiment: Canadian Mining Journal reports the firm has “confirmed the fate” of the kidnapped workers — this confirmation raises the potential for severe near-term impacts: paused or reduced operations, higher security and insurance costs, regulatory scrutiny, reputational damage, and possible delays to production and exploration. Read More.
• Negative Sentiment: Market reaction: shares have fallen sharply on the news, reflecting investor concern about operational continuity and short-term cash/financing implications; volatility and downside risk are elevated until the company provides clear operational and safety guidance. Read More.

Analyst Upgrades and Downgrades

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

Vizsla Silver Price Performance

The firm’s 50 day moving average is C$7.64 and its 200 day moving average is C$6.27. The firm has a market cap of C$1.89 billion, a P/E ratio of -91.50 and a beta of 1.74.

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