Deep Yellow (OTCMKTS:DYLLF) Shares Gap Up – Should You Buy?

Shares of Deep Yellow Limited (OTCMKTS:DYLLF) gapped up prior to trading on Wednesday . The stock had previously closed at $1.74, but opened at $1.9328. Deep Yellow shares last traded at $1.8480, with a volume of 33,050 shares trading hands.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Jefferies Financial Group cut Deep Yellow from a “hold” rating to a “moderate sell” rating and set a $1.85 price objective for the company. in a research report on Monday, February 16th. The Goldman Sachs Group initiated coverage on 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 analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $1.85.

Deep Yellow Stock Down 2.9%

The business has a fifty day moving average price of $1.53 and a 200 day moving average price of $1.29.

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.