Vizsla Silver (TSE:VZLA) Shares Down 11% – Here’s What Happened

Vizsla Silver Corp (TSE:VZLA)’s stock price was down 11% during trading on Monday . The stock traded as low as C$5.29 and last traded at C$5.58. Approximately 3,257,452 shares were traded during trading, an increase of 76% from the average daily volume of 1,851,966 shares. The stock had previously closed at C$6.27.

Analyst Ratings Changes

VZLA has been the topic of a number of analyst reports. Canadian Imperial Bank of Commerce boosted their price target 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 shares of Vizsla Silver and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Vizsla Silver currently has a consensus rating of “Buy” and an average price target of C$9.38.

Vizsla Silver Price Performance

The firm has a 50-day moving average of C$7.67 and a 200 day moving average of C$6.26. The company has a market capitalization of C$1.89 billion, a PE ratio of -91.50 and a beta of 1.74.

Vizsla Silver (TSE:VZLA) last posted its 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.