Vizsla Silver (TSE:VZLA) Stock Price Down 12.8% – Here’s What Happened

Vizsla Silver Corp (TSE:VZLA)’s share price traded down 12.8% on Thursday . The company traded as low as C$5.69 and last traded at C$5.73. 1,760,571 shares were traded during 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 increased their target price on shares of Vizsla Silver from C$9.75 to C$11.00 in a research note on Thursday, November 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Vizsla Silver presently has an average rating of “Buy” and an average target price of C$8.50.

Vizsla Silver Price Performance

The company has a market cap of C$1.98 billion, a PE ratio of -95.83 and a beta of 1.25. The company has a fifty day moving average price of C$5.95 and a 200 day moving average price of C$4.89.

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.