Vizsla Silver (TSE:VZLA) Shares Down 12.4% – Time to Sell?

Vizsla Silver Corp (TSE:VZLA) dropped 12.4% during trading on Monday . The company traded as low as C$5.29 and last traded at C$5.49. Approximately 6,922,255 shares changed hands during mid-day trading, an increase of 242% from the average daily volume of 2,023,899 shares. The stock had previously closed at C$6.27.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on VZLA shares. National Bankshares set a C$7.75 price objective on Vizsla Silver and gave the company an “outperform” rating in a report on Tuesday, November 25th. Canadian Imperial Bank of Commerce boosted their price objective on Vizsla Silver from C$9.75 to C$11.00 in a report on Thursday, November 13th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Vizsla Silver has an average rating of “Buy” and an average price target of C$9.38.

Vizsla Silver Price Performance

The firm has a market capitalization of C$1.89 billion, a P/E ratio of -91.50 and a beta of 1.74. The firm’s 50 day moving average is C$7.64 and its two-hundred day moving average is C$6.27.

Vizsla Silver (TSE:VZLA) last issued its earnings results 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.