Shares of Deep Yellow Limited (OTCMKTS:DYLLF – Get Free Report) gapped down before the market opened on Friday. The stock had previously closed at $0.6240, but opened at $0.58. Deep Yellow shares last traded at $0.57, with a volume of 87,990 shares traded.
Analysts Set New Price Targets
Separately, Royal Bank Of Canada assumed coverage on shares of Deep Yellow in a research note on Thursday, September 3rd. They set an “outperform” rating and a $2.05 price target on the stock. One investment 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.com, the company presently has a consensus rating of “Buy” and a consensus price target of $1.92.
Get Our Latest Analysis on DYLLF
Deep Yellow Price Performance
The firm has a 50-day moving average of $0.98 and a two-hundred day moving average of $1.08.
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.
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