Deep Yellow (OTCMKTS:DYLLF) Shares Gap Down – Here’s What Happened

Deep Yellow Limited (OTCMKTS:DYLLF)’s share price gapped down prior to trading on Thursday. The stock had previously closed at $0.88, but opened at $0.8160. Deep Yellow shares last traded at $0.8080, with a volume of 4,000 shares.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DYLLF shares. Jefferies Financial Group upgraded shares of Deep Yellow from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Royal Bank Of Canada started coverage on Deep Yellow in a research report on Thursday, September 3rd. They issued an “outperform” rating and a $2.05 target price for the company. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Deep Yellow has a consensus rating of “Buy” and a consensus target price of $1.92.

Deep Yellow Stock Performance

The business’s 50 day simple moving average is $1.03 and its 200-day simple moving average is $1.11.

About Deep Yellow

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.