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

Deep Yellow Limited (OTCMKTS:DYLLF)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $0.5493, but opened at $0.60. Deep Yellow shares last traded at $0.60, with a volume of 9,988 shares traded.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada initiated coverage on Deep Yellow in a research note on Thursday, September 3rd. They issued an “outperform” rating and a $2.05 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Deep Yellow has an average rating of “Buy” and a consensus price target of $1.92.

Deep Yellow Price Performance

The stock’s fifty day simple moving average is $0.89 and its 200 day simple moving average is $1.19.

Deep Yellow Company Profile

Deep Yellow Limited is an Australian uranium exploration and development company listed on the Australian Securities Exchange and traded over the counter in the United States under the symbol DYLLF. The company focuses on advancing uranium projects rather than operating a diversified mining or energy-services business.

Deep Yellow’s principal assets include the Tumas uranium project in Namibia and the Mulga Rock uranium project in Western Australia. Tumas is located in the Erongo uranium province, an established mining region, while Mulga Rock is situated in Western Australia’s Great Victoria Desert.