Deep Yellow (OTCMKTS:DYLLF) Shares Gap Up – Should You Buy?

Deep Yellow Limited (OTCMKTS:DYLLFGet Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $0.9426, but opened at $0.9922. Deep Yellow shares last traded at $0.9922, with a volume of 3,015 shares trading hands.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on DYLLF

Deep Yellow Stock Performance

The company’s 50 day moving average price is $1.03 and its 200 day moving average price is $1.14.

About Deep Yellow

(Get Free Report)

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.

Further Reading

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