Deep Yellow (OTCMKTS:DYLLF) Shares Gap Up – What’s Next?

Deep Yellow Limited (OTCMKTS:DYLLF) shares gapped up prior to trading on Tuesday . The stock had previously closed at $1.6550, but opened at $1.8450. Deep Yellow shares last traded at $1.75, with a volume of 66,300 shares traded.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group began coverage on shares of 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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $1.85.

Deep Yellow Stock Performance

The stock has a 50 day moving average of $1.40 and a 200-day moving average of $1.24.

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.