Vizsla Silver Corp. (VZLA) Provides an Update on the Concordia Incident

Vizsla Silver Corp. (NYSE:VZLA) is one of the best strong buy penny stocks to invest in. On February 12, Vizsla Silver Corp. (NYSE:VZLA) provided an update on the Concordia incident, reaffirming the company’s adherence to best practices in governance and safety in the long-term interest of the company and its stakeholders. It also confirmed that five colleagues remain unaccounted for.

On February 10, Vizsla Silver Corp. (NYSE:VZLA) was downgraded by National Bank to Sector Perform from Outperform, with the firm bringing the price target down to C$6.50 from C$10.50. It cited the anticipated delays at the company’s Panuco project in Mexico following worker deaths as the primary reason for the downgrade, and added that it sees the project being pushed out.

The rating update came after Vizsla Silver Corp. (NYSE:VZLA) reported on February 9 that it had been informed by a number of families that their relatives, who were taken from the company’s project site in Concordia, Mexico, had been found deceased. Vizsla Silver Corp. (NYSE:VZLA) added that it was awaiting confirmation from the Mexican authorities at the time.

Vizsla Silver Corp. (NYSE:VZLA) is a mineral exploration and development company that engages in the acquisition, exploration, and development of mineral resource properties, including a silver-gold project in Sinaloa, Mexico.

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Disclosure: None. This article is originally published at Insider Monkey.