Deep Yellow (OTCMKTS:DYLLF) Shares Gap Down – Should You Sell?

Deep Yellow Limited (OTCMKTS:DYLLF)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $1.72, but opened at $1.53. Deep Yellow shares last traded at $1.82, with a volume of 22,100 shares changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group initiated coverage on shares of Deep Yellow in a report on Wednesday, December 17th. They issued 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 an average rating of “Hold” and a consensus target price of $1.85.

Deep Yellow Stock Down 3.2%

The stock’s 50 day moving average is $1.38 and its two-hundred day moving average is $1.23.

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.