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

Vizsla Silver Corp (TSE:VZLA) shares were down 12.4% on Tuesday . The company traded as low as C$5.29 and last traded at C$5.49. Approximately 6,922,255 shares traded hands during mid-day trading, an increase of 242% from the average daily volume of 2,023,899 shares. The stock had previously closed at C$6.27.

More Vizsla Silver News

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.

Analysts Set New Price Targets

VZLA has been the topic of several recent analyst reports. 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 increased their price target on Vizsla Silver from C$9.75 to C$11.00 in a research note on Thursday, November 13th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$9.38.

Vizsla Silver Trading Down 12.4%

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 firm has a market capitalization of C$1.89 billion, a P/E ratio of -91.50 and a beta of 1.74.

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