Deep Yellow (OTCMKTS:DYLLF) Hits New 12-Month Low – Here’s Why

Shares of Deep Yellow Limited (OTCMKTS:DYLLF) reached a new 52-week low during mid-day trading on Monday. The company traded as low as $0.5220 and last traded at $0.55, with a volume of 18,500 shares trading hands. The stock had previously closed at $0.57.

Wall Street Analysts Forecast Growth

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

Deep Yellow Trading Down 1.2%

The company has a 50-day moving average price of $0.97 and a 200-day moving average price of $1.07.

Deep Yellow Company Profile

Deep Yellow Limited is an Australian uranium exploration and development company focused on advancing projects in Namibia and Australia. The company’s activities include mineral exploration, resource evaluation, feasibility studies, project development and the potential future production of uranium oxide for the nuclear energy industry.

Deep Yellow’s primary Namibian asset is the Tumas uranium project, located in the established uranium-producing region of the Erongo district. The company is working to develop Tumas as a conventional uranium mining and processing operation.