Vizsla Silver (TSE:VZLA) Reaches New 1-Year 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.

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

Analyst Upgrades and Downgrades

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

Vizsla Silver Stock Up 2.5%

The firm has a market capitalization of C$1.84 billion, a price-to-earnings ratio of -89.33 and a beta of 0.93. The company has a 50-day moving average price of C$4.58 and a 200-day moving average price of C$3.84.

Insider Transactions at Vizsla Silver

In other news, Director David Chevallier Cobbold bought 15,048 shares of the business's stock in a transaction on Friday, July 18th. The shares were bought at an average cost of C$4.45 per share, with a total value of C$66,963.60.

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.

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