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

Deep Yellow Limited (OTCMKTS:DYLLF) gapped down prior to trading on Thursday . The stock had previously closed at $1.80, but opened at $1.69. Deep Yellow shares last traded at $1.85, with a volume of 23,908 shares.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DYLLF. Jefferies Financial Group lowered shares of Deep Yellow from a “hold” rating to a “moderate sell” rating and set a $1.85 price objective on the stock. in a report on Monday. The Goldman Sachs Group assumed coverage on Deep Yellow in a research report on Wednesday, December 17th. They set a “neutral” rating and a $1.85 price target for the company. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Deep Yellow currently has an average rating of “Hold” and an average price target of $1.85.

Deep Yellow Price Performance

The firm has a fifty day simple moving average of $1.48 and a 200 day simple moving average of $1.27.

Deep Yellow Company Profile

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.