Deep Yellow (OTCMKTS:DYLLF) Stock Price Up 7.3% – What’s Next?

Deep Yellow Limited (OTCMKTS:DYLLF)’s share price was up 7.3% during trading on Friday . The stock traded as high as $1.48 and last traded at $1.47. Approximately 88,170 shares were traded during trading, an increase of 1% from the average daily volume of 87,648 shares. The stock had previously closed at $1.37.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group initiated coverage on shares of Deep Yellow in a research note on Wednesday, December 17th. They set a “neutral” rating and a $1.85 price target on the stock. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Deep Yellow has a consensus rating of “Hold” and an average target price of $1.85.

Deep Yellow Price Performance

The stock has a 50 day simple moving average of $1.18 and a 200 day simple moving average of $1.17.

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.