Deep Yellow (OTCMKTS:DYLLF) Hits New 52-Week Low – Time to Sell?

Deep Yellow Limited (OTCMKTS:DYLLF) shares hit a new 52-week low on Monday . The company traded as low as $0.8472 and last traded at $0.94, with a volume of 53100 shares changing hands. The stock had previously closed at $0.9426.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DYLLF. Royal Bank Of Canada started coverage on shares of Deep Yellow in a research note on Thursday, September 3rd. They set an “outperform” rating and a $2.05 target price for the company. Jefferies Financial Group upgraded Deep Yellow from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 5th. One research 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $1.92.

Deep Yellow Trading Up 0.8%

The business’s fifty day simple moving average is $1.03 and its two-hundred day simple moving average is $1.15.

Deep Yellow Company Profile

Deep Yellow Limited is an Australian uranium exploration and development company focused on advancing projects in Namibia and Western Australia. The company is listed on the Australian Securities Exchange under the symbol DYL, with its shares also traded over the counter in the United States under the symbol DYLLF.

Deep Yellow’s principal Namibian asset is the Tumas uranium project, located in the established uranium-producing Erongo region. The company is working to develop Tumas into a uranium mining and processing operation, subject to project approvals, financing and construction.