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

Deep Yellow Limited (OTCMKTS:DYLLF)’s share price gapped down prior to trading on Friday . The stock had previously closed at $1.22, but opened at $1.15. Deep Yellow shares last traded at $1.32, with a volume of 59,928 shares traded.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group assumed coverage on Deep Yellow in a research report 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, Based on data from MarketBeat.com, Deep Yellow has a consensus rating of “Hold” and an average target price of $1.85.

Deep Yellow Stock Up 9.0%

The firm’s fifty day moving average is $1.11 and its two-hundred day moving average is $1.15.

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.