Deep Yellow (OTCMKTS:DYLLF) Sees Strong Trading Volume – Time to Buy?

Shares of Deep Yellow Limited (OTCMKTS:DYLLF) saw an uptick in trading volume on Tuesday . 154,000 shares were traded during trading, an increase of 87% from the previous session’s volume of 82,443 shares.The stock last traded at $1.3546 and had previously closed at $1.40.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group initiated coverage on shares of Deep Yellow in a research note on Wednesday, December 17th. They issued a “neutral” rating and a $1.85 price target on the stock. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Deep Yellow presently has an average rating of “Hold” and an average price target of $1.85.

Deep Yellow Trading Down 5.6%

The firm’s fifty day moving average price is $1.15 and its two-hundred day moving average price is $1.16.

About Deep Yellow

Deep Yellow Limited is an Australia-based mineral exploration and development company focused on advancing uranium projects in Africa. Established in 1990 and headquartered in Perth, the company’s principal goal is to define and develop high-quality uranium resources to support global low-carbon energy solutions. Deep Yellow pursues a strategy of systematic exploration, resource delineation and feasibility studies aimed at delivering near-term production opportunities.

The company’s flagship assets are located in Namibia’s well-known uranium provinces, including the Tumas and Omahola project areas, where extensive drilling programs have identified significant mineralisation.