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 Monday . The stock had previously closed at $1.40, but opened at $1.35. Deep Yellow shares last traded at $1.35, with a volume of 31,884 shares.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group started 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 equities research 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 Trading Down 1.4%

The firm’s 50 day moving average is $1.15 and its 200 day moving average is $1.16.

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.