Vizsla Silver (TSE:VZLA) Shares Down 12.2% – Should You Sell?

Vizsla Silver Corp (TSE:VZLA)’s share price fell 12.2% during trading on Thursday . The company traded as low as C$5.69 and last traded at C$5.77. 1,278,632 shares changed hands during trading, an increase of 88% from the average session volume of 679,692 shares. The stock had previously closed at C$6.57.

Wall Street Analysts Forecast Growth

Separately, CIBC raised their price target on Vizsla Silver from C$9.75 to C$11.00 in a report on Thursday, November 13th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$8.50.

Vizsla Silver Trading Up 0.4%

The firm’s 50-day moving average price is C$5.96 and its 200-day moving average price is C$4.91. The stock has a market capitalization of C$1.94 billion, a PE ratio of -94.00 and a beta of 1.25.

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.