Vizsla Silver (TSE:VZLA) Sets New 52-Week High – Should You Buy?

Vizsla Silver Corp (TSE:VZLA) reached a new 52-week high on Wednesday . The company traded as high as C$3.31 and last traded at C$3.25, with a volume of 643352 shares traded. The stock had previously closed at C$3.13.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VZLA. National Bankshares set a C$4.75 price target on Vizsla Silver and gave the stock an “outperform” rating in a report on Thursday, December 19th. CIBC boosted their target price on shares of Vizsla Silver from C$4.50 to C$5.00 in a report on Monday, December 2nd.

Vizsla Silver Price Performance

The firm has a 50-day moving average price of C$2.69.

Insider Activity

In other news, Director Michael Konnert acquired 10,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of C$2.51 per share, with a total value of C$25,137.00. Also, Director David Chevallier Cobbold bought 11,800 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were purchased at an average price of C$2.57 per share, with a total value of C$30,326.00.

About Vizsla Silver

With a team of experienced natural resource professionals, Vizsla Silver Corp. is focused on growing shareholder value by exploring, developing and acquiring precious and base metal assets. The newly consolidated Panuco silver-gold project is an emerging high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlán.