Vizsla Silver (TSE:VZLA) Trading Down 12.8% – What’s Next?

Vizsla Silver Corp (TSE:VZLA) fell 12.8% on Thursday . The stock traded as low as C$5.69 and last traded at C$5.73. 1,760,571 shares were traded during mid-day trading, an increase of 159% from the average session volume of 679,934 shares. The stock had previously closed at C$6.57.

Analysts Set New Price Targets

Separately, CIBC boosted their target price 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 MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$8.50.

Vizsla Silver Stock Performance

The firm has a fifty day moving average of C$5.96 and a 200-day moving average of C$4.91. The stock has a market capitalization of C$1.94 billion, a price-to-earnings ratio of -94.00 and a beta of 1.25.

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.