Vizsla Silver (TSE:VZLA) Hits New 52-Week High - Here's What Happened

Key Points

• Vizsla Silver Corp reached a new 52-week high of C$5.36 during trading, closing at C$5.35 with a trading volume of 341,733 shares.
• National Bankshares raised their price target for Vizsla Silver to C$6.00, maintaining an "outperform" rating, while the stock currently holds a consensus rating of "Buy" with an average target of C$5.50.
• Insider transactions included Director David Chevallier Cobbold purchasing 15,048 shares at an average cost of C$4.45 per share.

Shares of Vizsla Silver Corp (TSE:VZLA - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$5.36 and last traded at C$5.35, with a volume of 341733 shares. The stock had previously closed at C$5.23.

Wall Street Analysts Forecast Growth

Separately, National Bankshares boosted their target price on shares of Vizsla Silver from C$5.75 to C$6.00 and gave the stock an "outperform" rating in a research report on Friday, June 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$5.50.

Vizsla Silver Trading Down 4.0%

The stock has a market cap of C$1.82 billion, a P/E ratio of -88.00 and a beta of 0.93. The company's fifty day simple moving average is C$4.69 and its 200-day simple moving average is C$3.92.

Insider Transactions at Vizsla Silver

In other news, Director David Chevallier Cobbold bought 15,048 shares of Vizsla Silver stock in a transaction dated Friday, July 18th. The shares were bought at an average price of C$4.45 per share, for a total transaction of C$66,963.60.

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.