Vizsla Silver (TSE:VZLA) Stock Price Up 10.7% – Here’s Why

Vizsla Silver Corp (TSE:VZLA) shares rose 10.7% during trading on Wednesday . The stock traded as high as C$6.56 and last traded at C$6.51. Approximately 370,610 shares were traded during trading, a decline of 46% from the average daily volume of 681,241 shares. The stock had previously closed at C$5.88.

Analysts Set New Price Targets

Separately, CIBC lifted their target price on Vizsla Silver from C$9.75 to C$11.00 in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Vizsla Silver presently has an average rating of “Buy” and a consensus target price of C$8.50.

Vizsla Silver Stock Down 1.5%

The company has a market cap of C$2.22 billion, a P/E ratio of -107.67 and a beta of 1.25. The company has a fifty day moving average of C$5.87 and a 200 day moving average of C$4.80.

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.