Vizsla Silver (TSE:VZLA) Sets New 12-Month High - Should You Buy?

Key Points

• Vizsla Silver Corp (TSE:VZLA) reached a new 52-week high of C$5.79, closing at C$5.70 with a trading volume of 420,918 shares.
• National Bankshares has raised its price target for Vizsla Silver from C$5.75 to C$6.00, maintaining an "outperform" rating for the stock.
• Insider activity included Director David Chevallier Cobbold purchasing 15,048 shares at an average price of C$4.45 per share, totaling C$66,963.60.

Vizsla Silver Corp (TSE:VZLA - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$5.79 and last traded at C$5.70, with a volume of 420918 shares changing hands. The stock had previously closed at C$5.46.

Analyst Upgrades and Downgrades

Separately, National Bankshares upped their price objective on shares of 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 analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$5.50.

Vizsla Silver Price Performance

The firm's 50-day moving average is C$4.78 and its 200 day moving average is C$4.00. The stock has a market cap of C$1.93 billion, a price-to-earnings ratio of -93.33 and a beta of 0.93.

Insider Buying and Selling

In other Vizsla Silver news, Director David Chevallier Cobbold acquired 15,048 shares of the company's stock in a transaction dated Friday, July 18th. The stock was bought at an average price 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.