Deep Yellow (OTCMKTS:DYLLF) Trading 9.2% Higher – Time to Buy?

Deep Yellow Limited (OTCMKTS:DYLLF) shares shot up 9.2% on Tuesday . The stock traded as high as $1.90 and last traded at $1.90. 13,250 shares were traded during trading, a decline of 90% from the average session volume of 127,043 shares. The stock had previously closed at $1.74.

Wall Street Analysts Forecast Growth

DYLLF has been the topic of a number of recent research reports. Jefferies Financial Group downgraded Deep Yellow from a “hold” rating to a “moderate sell” rating and set a $1.85 target price on the stock. in a research note on Monday, February 16th. The Goldman Sachs Group began coverage on Deep Yellow in a research report on Wednesday, December 17th. They issued a “neutral” rating and a $1.85 price objective on the stock. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $1.85.

Deep Yellow Stock Up 9.2%

The business has a fifty day moving average of $1.52 and a two-hundred day moving average of $1.29.

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.