Deep Yellow (OTCMKTS:DYLLF) Reaches New 52-Week Low – Should You Sell?

Deep Yellow Limited (OTCMKTS:DYLLF) shares reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $0.7801 and last traded at $0.8269, with a volume of 13385 shares. The stock had previously closed at $0.81.

Analyst Ratings Changes

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 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $1.92.

Deep Yellow Stock Down 6.2%

The firm’s 50 day simple moving average is $1.01 and its 200 day simple moving average is $1.10.

About Deep Yellow

Deep Yellow Limited is an Australian uranium exploration and development company focused on advancing projects in Namibia and Australia. The company’s activities include mineral exploration, resource evaluation, feasibility studies, project development and the potential future production of uranium oxide for the nuclear energy industry.

Deep Yellow’s primary Namibian asset is the Tumas uranium project, located in the established uranium-producing region of the Erongo district. The company is working to develop Tumas as a conventional uranium mining and processing operation.