Vizsla Silver (TSE:VZLA) Trading Down 12.8% – Should You Sell?

Vizsla Silver Corp (TSE:VZLA) shares traded down 12.8% during mid-day trading 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.

Analyst Upgrades and Downgrades

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

Vizsla Silver Trading Down 12.5%

The company has a market capitalization of C$1.98 billion, a P/E ratio of -95.83 and a beta of 1.25. The company’s fifty day moving average is C$5.95 and its 200 day moving average is C$4.89.

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.