Deep Yellow (OTCMKTS:DYLLF) Trading Down 10.6% – Here’s What Happened

Deep Yellow Limited (OTCMKTS:DYLLF)’s stock price fell 10.6% during trading on Wednesday . The stock traded as low as $1.27 and last traded at $1.27. 57,110 shares traded hands during trading, a decline of 39% from the average session volume of 93,387 shares. The stock had previously closed at $1.42.

Wall Street Analysts Forecast Growth

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

Deep Yellow Stock Up 7.3%

The company’s fifty day moving average price is $1.17 and its two-hundred day moving average price is $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.