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

Vizsla Silver Corp (TSE:VZLA) shares fell 12.4% on Monday . The stock traded as low as C$5.29 and last traded at C$5.49. 6,922,255 shares changed 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.

Wall Street Analyst Weigh In

Several brokerages recently commented on VZLA. National Bankshares set a C$7.75 target price on Vizsla Silver and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Canadian Imperial Bank of Commerce raised their target price on Vizsla Silver from C$9.75 to C$11.00 in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$9.38.

Vizsla Silver Stock Performance

The company has a 50-day simple moving average of C$7.64 and a two-hundred day simple moving average of C$6.27. 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.

Vizsla Silver (TSE:VZLA) last issued its quarterly earnings data 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.