Vizsla Silver (TSE:VZLA) Shares Up 3.1% – Here’s Why

Vizsla Silver Corp (TSE:VZLA)’s stock price shot up 3.1% during mid-day trading on Friday . The stock traded as high as C$4.51 and last traded at C$4.36. 2,147,498 shares changed hands during trading, a decline of 8% from the average session volume of 2,326,020 shares. The stock had previously closed at C$4.23.

Wall Street Analyst Weigh In

VZLA has been the topic of several recent research reports. National Bank Financial downgraded Vizsla Silver from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$10.50 to C$6.40 in a report on Wednesday, February 11th. Canadian Imperial Bank of Commerce cut Vizsla Silver from an “outperform” rating to a “neutral” rating in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$8.70.

Vizsla Silver Trading Up 3.1%

The company’s 50-day simple moving average is C$5.97 and its 200-day simple moving average is C$6.35. The stock has a market capitalization of C$1.52 billion, a price-to-earnings ratio of -8.90 and a beta of 1.51.

Vizsla Silver (TSE:VZLA) last issued its quarterly earnings results on Thursday, March 12th. The company reported C($0.44) 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.