Deep Yellow (OTCMKTS:DYLLF) Shares Gap Down – Time to Sell?

Deep Yellow Limited (OTCMKTS:DYLLF)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $1.1650, but opened at $1.10. Deep Yellow shares last traded at $1.10, with a volume of 1,500 shares traded.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DYLLF. Royal Bank Of Canada started coverage on shares of Deep Yellow in a research report on Thursday, September 3rd. They issued an “outperform” rating and a $2.05 price target for the company. Jefferies Financial Group raised Deep Yellow from a “hold” rating to a “strong-buy” rating in a report on Friday, June 5th. One 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 stock has an average rating of “Buy” and an average price target of $1.92.

Deep Yellow Stock Down 9.0%

The business’s 50 day simple moving average is $1.03 and its 200 day simple moving average is $1.19.

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.