Vizsla Silver (TSE:VZLA) Shares Down 12.4% – Should You Sell?

Shares of Vizsla Silver Corp (TSE:VZLA) traded down 12.4% during mid-day trading on Monday . The company 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

Several analysts have commented on the stock. National Bankshares set a C$7.75 target price 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 lifted their price objective on Vizsla Silver from C$9.75 to C$11.00 in a research note on Thursday, November 13th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$9.38.

Vizsla Silver Stock Down 12.4%

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. The stock’s fifty day moving average is C$7.64 and its 200-day moving average is C$6.27.

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