Deep Yellow (OTCMKTS:DYLLF) Stock Jumps 17.3% – Still a Buy?

Deep Yellow Limited (OTCMKTS:DYLLF)’s stock price traded up 17.3% during trading on Tuesday. The company traded as high as $0.61 and last traded at $0.61. 13,378 shares traded hands during trading, a decline of 82% from the average session volume of 76,178 shares. The stock had previously closed at $0.52.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada began coverage on Deep Yellow in a research note on Thursday, September 3rd. They issued an “outperform” rating and a $2.05 price objective for the company. 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 company’s stock. Based on data from MarketBeat, Deep Yellow has an average rating of “Buy” and a consensus target price of $1.92.

Deep Yellow Price Performance

The company’s 50 day simple moving average is $0.78 and its two-hundred day simple moving average is $1.15.

Deep Yellow Company Profile

Deep Yellow Limited is an Australian uranium exploration and development company focused on advancing projects intended to supply uranium for the nuclear energy industry. Its activities include exploring, evaluating and developing uranium deposits; it is not primarily a uranium producer. The company’s project portfolio includes the Tumas uranium project in Namibia and the Mulga Rock project in Western Australia. These assets give Deep Yellow exploration and development interests in southern Africa and Australia.