Deep Yellow (OTCMKTS:DYLLF) Shares Gap Down – Should You Sell?

Deep Yellow Limited (OTCMKTS:DYLLF) shares gapped down prior to trading on Thursday . The stock had previously closed at $1.80, but opened at $1.69. Deep Yellow shares last traded at $1.85, with a volume of 23,908 shares traded.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. The Goldman Sachs Group began coverage on Deep Yellow in a research note on Wednesday, December 17th. They issued a “neutral” rating and a $1.85 target price on the stock. Jefferies Financial Group cut shares of Deep Yellow from a “hold” rating to a “moderate sell” rating and set a $1.85 price target on the stock. in a report on Monday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $1.85.

Deep Yellow Stock Up 5.8%

The business has a 50 day simple moving average of $1.48 and a 200 day simple moving average of $1.27.

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.