Deep Yellow (OTCMKTS:DYLLF) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Deep Yellow Limited (OTCMKTS:DYLLF) saw unusually-high trading volume on Wednesday . Approximately 130,228 shares were traded during trading, an increase of 33% from the previous session’s volume of 97,563 shares.The stock last traded at $1.59 and had previously closed at $1.50.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group assumed coverage on shares of Deep Yellow in a research report on Wednesday, December 17th. They set a “neutral” rating and a $1.85 target price on the stock. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $1.85.

Deep Yellow Trading Up 6.7%

The stock’s 50-day simple moving average is $1.20 and its two-hundred day simple moving average is $1.18.

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.