Deep Yellow (OTCMKTS:DYLLF) Shares Up 9.2% – What’s Next?

Deep Yellow Limited (OTCMKTS:DYLLF)’s stock price was up 9.2% on Tuesday . The company traded as high as $1.90 and last traded at $1.90. Approximately 13,250 shares changed hands during trading, a decline of 90% from the average daily volume of 127,043 shares. The stock had previously closed at $1.74.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DYLLF shares. Jefferies Financial Group downgraded shares of Deep Yellow from a “hold” rating to a “moderate sell” rating and set a $1.85 price target for the company. in a research report on Monday, February 16th. The Goldman Sachs Group started coverage on Deep Yellow in a research note on Wednesday, December 17th. They set a “neutral” rating and a $1.85 price objective for the company. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $1.85.

Deep Yellow Stock Up 9.2%

The stock’s fifty day simple moving average is $1.52 and its 200 day simple moving average is $1.29.

Deep Yellow Company Profile

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.