Deep Yellow (OTCMKTS:DYLLF) Sets New 12-Month Low – Should You Sell?

Deep Yellow Limited (OTCMKTS:DYLLF)’s stock price hit a new 52-week low on Wednesday. The stock traded as low as $0.8385 and last traded at $0.8385, with a volume of 6500 shares. The stock had previously closed at $0.8601.

Analysts Set New Price Targets

DYLLF has been the subject of several recent research reports. Royal Bank Of Canada assumed coverage on shares of Deep Yellow in a research report on Thursday, September 3rd. They set an “outperform” rating and a $2.05 target price for the company. Jefferies Financial Group upgraded shares of Deep Yellow from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Deep Yellow currently has a consensus rating of “Buy” and a consensus price target of $1.92.

Deep Yellow Trading Down 4.7%

The company has a fifty day simple moving average of $1.03 and a 200-day simple moving average of $1.12.

Deep Yellow Company Profile

Deep Yellow Limited is an Australian uranium exploration and development company focused on advancing projects in Namibia and Western Australia. The company is listed on the Australian Securities Exchange under the symbol DYL, with its shares also traded over the counter in the United States under the symbol DYLLF.

Deep Yellow’s principal Namibian asset is the Tumas uranium project, located in the established uranium-producing Erongo region. The company is working to develop Tumas into a uranium mining and processing operation, subject to project approvals, financing and construction.