Vizsla Silver (TSE:VZLA) Trading Down 12.4% – What’s Next?

Vizsla Silver Corp (TSE:VZLA)’s stock 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 traded hands during mid-day trading, an increase of 242% from the average session volume of 2,023,899 shares. The stock had previously closed at C$6.27.

Analyst Ratings Changes

A number of equities research analysts recently commented on VZLA shares. National Bank Financial lowered Vizsla Silver from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from C$10.50 to C$6.40 in a research report on Wednesday. Canadian Imperial Bank of Commerce upped their price objective on shares of Vizsla Silver from C$9.75 to C$11.00 in a report on Thursday, November 13th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$8.70.

Vizsla Silver Stock Down 6.1%

The stock has a market cap of C$1.69 billion, a PE ratio of -82.00 and a beta of 1.74. The business has a 50 day moving average price of C$7.53 and a 200 day moving average price of C$6.26.

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