Deep Yellow (OTCMKTS:DYLLF) Stock Price Down 8.7% – Time to Sell?

Deep Yellow Limited (OTCMKTS:DYLLF)’s share price dropped 8.7% during mid-day trading on Monday . The company traded as low as $0.95 and last traded at $0.95. 11,902 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 73,685 shares. The stock had previously closed at $1.04.

Analyst Ratings Changes

A number of brokerages recently weighed in on DYLLF. Jefferies Financial Group raised shares of Deep Yellow from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 5th. Royal Bank Of Canada initiated coverage on Deep Yellow in a research report on Thursday, September 3rd. They issued an “outperform” rating and a $2.05 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $1.92.

Deep Yellow Trading Down 8.2%

The stock’s fifty day moving average price is $1.03 and its 200-day moving average price is $1.18.

About Deep Yellow

Deep Yellow Limited is an Australian uranium exploration and development company focused on advancing projects in Namibia and Western Australia. The company is listed on the Australian Securities Exchange under the symbol DYL, with its shares also traded over the counter in the United States under the symbol DYLLF.

Deep Yellow’s principal Namibian asset is the Tumas uranium project, located in the established uranium-producing Erongo region. The company is working to develop Tumas into a uranium mining and processing operation, subject to project approvals, financing and construction.