Deep Yellow (OTCMKTS:DYLLF) Stock Price Up 7.1% – Still a Buy?

Deep Yellow Limited (OTCMKTS:DYLLF) traded up 7.1% on Tuesday. The company traded as high as $0.9643 and last traded at $0.9643. 1,494 shares changed hands during trading, a decline of 98% from the average session volume of 73,110 shares. The stock had previously closed at $0.90.

Analyst Ratings Changes

Several equities research analysts have issued reports on DYLLF shares. Jefferies Financial Group upgraded Deep Yellow from a “hold” rating to a “strong-buy” rating in a report on Friday, June 5th. Royal Bank Of Canada began coverage on Deep Yellow in a research note on Thursday, September 3rd. They set an “outperform” rating and a $2.05 target price for the company. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $1.92.

Deep Yellow Price Performance

The company’s 50-day moving average price is $1.03 and its two-hundred day moving average price is $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.