Deep Yellow (OTCMKTS:DYLLF) Stock Price Down 6.3% – What’s Next?

Shares of Deep Yellow Limited (OTCMKTS:DYLLF) dropped 6.3% during trading on Thursday . The stock traded as low as $1.10 and last traded at $1.1150. Approximately 28,545 shares traded hands during trading, a decline of 79% from the average daily volume of 133,547 shares. The stock had previously closed at $1.19.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group initiated coverage on Deep Yellow in a research note on Wednesday. They set a “neutral” rating and a $1.85 price objective on the stock. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Deep Yellow has a consensus rating of “Hold” and a consensus price target of $1.85.

Deep Yellow Price Performance

The company’s fifty day moving average price is $1.13 and its 200 day moving average price is $1.12.

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.