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

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on VZLA shares. 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. National Bank Financial lowered shares of Vizsla Silver from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$10.50 to C$6.40 in a report on Wednesday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$8.70.

Vizsla Silver Price Performance

The company’s fifty day moving average price is C$7.53 and its 200 day moving average price is C$6.26. The company has a market cap of C$1.69 billion, a PE ratio of -82.00 and a beta of 1.74.

Vizsla Silver (TSE:VZLA) last posted its quarterly earnings data on Thursday, December 11th. The company reported C($0.02) EPS for the quarter.

Vizsla Silver Company Profile

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.