Deep Yellow (OTCMKTS:DYLLF) Shares Gap Down – Here’s Why

Deep Yellow Limited (OTCMKTS:DYLLF)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $1.72, but opened at $1.53. Deep Yellow shares last traded at $1.82, with a volume of 22,100 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group initiated coverage on Deep Yellow in a research note on Wednesday, December 17th. They issued a “neutral” rating and a $1.85 target price on the stock. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $1.85.

Deep Yellow Stock Performance

The stock has a 50 day simple moving average of $1.36 and a 200-day simple moving average of $1.23.

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.