Deep Yellow (OTCMKTS:DYLLF) Stock Rating Upgraded by Royal Bank Of Canada

Deep Yellow (OTCMKTS:DYLLF) was upgraded by equities researchers at Royal Bank Of Canada to a “moderate buy” rating in a report released on Wednesday, Marketbeat.com reports.

Separately, Jefferies Financial Group upgraded Deep Yellow from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $1.92.

Deep Yellow Trading Up 7.3%

Shares of Deep Yellow stock opened at $1.18 on Wednesday. The business’s 50-day moving average price is $1.01 and its 200-day moving average price is $1.21. Deep Yellow has a 12 month low of $0.85 and a 12 month high of $2.10.

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.