Deep Yellow (OTCMKTS:DYLLF) Shares Climb 11.8% – Still a Buy?

Deep Yellow Limited (OTCMKTS:DYLLF) shares were up 11.8% on Tuesday. The stock traded as high as $0.56 and last traded at $0.56. Approximately 8,515 shares traded hands during trading, a decline of 89% from the average daily volume of 76,606 shares. The stock had previously closed at $0.5010.

Analyst Ratings Changes

Separately, Royal Bank Of Canada assumed coverage on Deep Yellow in a report on Thursday, September 3rd. They set an “outperform” rating and a $2.05 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Deep Yellow presently has a consensus rating of “Buy” and an average price target of $1.92.

Deep Yellow Stock Up 9.2%

The stock has a fifty day moving average price of $0.89 and a 200-day moving average price of $1.19.

Deep Yellow Company Profile

Deep Yellow Limited is an Australian uranium exploration and development company listed on the Australian Securities Exchange and traded over the counter in the United States under the symbol DYLLF. The company focuses on advancing uranium projects rather than operating a diversified mining or energy-services business.

Deep Yellow’s principal assets include the Tumas uranium project in Namibia and the Mulga Rock uranium project in Western Australia. Tumas is located in the Erongo uranium province, an established mining region, while Mulga Rock is situated in Western Australia’s Great Victoria Desert.