Vizsla Silver (NYSEAMERICAN:VZLA) Trading Down 8.5% – Here’s Why

Vizsla Silver Corp. (NYSEAMERICAN:VZLA)’s share price fell 8.5% during mid-day trading on Friday . The stock traded as low as $4.45 and last traded at $4.46. 3,439,111 shares were traded during trading, an increase of 10% from the average session volume of 3,129,783 shares. The stock had previously closed at $4.87.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VZLA. Roth Capital reiterated a “buy” rating on shares of Vizsla Silver in a report on Monday, September 8th. Zacks Research downgraded Vizsla Silver from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd. Finally, National Bank Financial upgraded Vizsla Silver to a “strong-buy” rating in a research note on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $3.25.

Vizsla Silver Stock Performance

The stock has a market cap of $1.55 billion, a P/E ratio of -113.25 and a beta of 0.98. The business has a 50 day simple moving average of $3.95 and a 200-day simple moving average of $3.18.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Baader Bank Aktiengesellschaft bought a new position in shares of Vizsla Silver during the 2nd quarter worth $30,000. Accredited Investors Inc. bought a new position in shares of Vizsla Silver during the 1st quarter worth $35,000. OMERS ADMINISTRATION Corp bought a new position in shares of Vizsla Silver during the 1st quarter worth $36,000. Nebula Research & Development LLC bought a new position in shares of Vizsla Silver during the 2nd quarter worth $59,000. Finally, Connective Capital Management LLC bought a new position in shares of Vizsla Silver during the 1st quarter worth $68,000. Institutional investors own 22.46% of the company’s stock.

Vizsla Silver Company Profile

Vizsla Silver Corp. engages in the exploration, and development of precious and base metal assets. The company explores for gold, silver, and copper deposits. It owns 100% interest in the Panuco Project covering an area of 7,189.5 hectares located in located in southern Sinaloa, Mexico. The company was formerly known as Vizsla Resources Corp.