Deep Yellow (OTCMKTS:DYLLF) Shares Gap Up – Still a Buy?

Deep Yellow Limited (OTCMKTS:DYLLF)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $0.8957, but opened at $1.00. Deep Yellow shares last traded at $0.96, with a volume of 3,450 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded Deep Yellow from a “hold” rating to a “strong-buy” rating in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $1.85.

Deep Yellow Stock Up 0.5%

The stock’s 50 day moving average is $1.00 and its two-hundred day moving average is $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.