Deep Yellow (OTCMKTS:DYLLF) Stock Price Up 7.3% – Time to Buy?

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

Wall Street Analyst Weigh In

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

Deep Yellow Trading Up 5.8%

The stock has a fifty day moving average price of $1.17 and a two-hundred day moving average price 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.