Vizsla Silver Corp (VZLA) Reports -2.38% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Vizsla Silver Corp (AMEX:VZLA) does about 711.08K shares in volume on a normal day but saw 1805102 shares change hands in Tuesday’s trading. The company now has a market cap of 380.58M USD. Its current market price is $1.64, marking an increase of 7.89% compared to the previous close of $1.52. The 52 week high reached by this stock is $1.68 whilst the lowest price level in 52 weeks is $0.94.

Vizsla Silver Corp (VZLA) has a 20-day trading average at $1.4040 and the current price is -2.38% off the 52-week high compared with 75.40% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.3508 and its 200-day simple moving average is $1.1939. If we look at the stock’s price movements over the week, volatility stands at 5.09%, which decreases to 4.32% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 73.65 to suggest the stock is overbought.

The consensus objective for the share price is $2.81, suggesting that the stock has a potential upside of 41.64% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 17, 2023 when Alliance Global Partners initiated the stock to “Buy” and issued a price target of $3.25.

Vizsla Silver Corp (VZLA) stock is up 17.14% over the week and 14.69% over the past month. Its price is 31.20% year-to-date and 25.19% over the past year.

To reach the target analysts have set, the stock logically needs to grow 41.64 percent from here.

The company has a return on investment of -7.70% and return on equity of -8.56%. The beta has a value of 2.15. Price to book ratio is 1.99.