Deep Yellow (OTCMKTS:DYLLF) Shares Gap Down – Here’s Why

Deep Yellow Limited (OTCMKTS:DYLLF) shares gapped down before the market opened on Thursday . The stock had previously closed at $1.9350, but opened at $1.78. Deep Yellow shares last traded at $1.80, with a volume of 16,030 shares trading hands.

Analyst Upgrades and Downgrades

DYLLF has been the topic of a number of research reports. The Goldman Sachs Group assumed coverage on shares of Deep Yellow in a research note on Wednesday, December 17th. They set a “neutral” rating and a $1.85 target price on the stock. Jefferies Financial Group lowered shares of Deep Yellow from a “hold” rating to a “moderate sell” rating and set a $1.85 price objective for the company. in a report on Monday, February 16th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $1.85.

Deep Yellow Price Performance

The firm has a 50-day moving average of $1.55 and a 200-day moving average of $1.30.

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.