Deep Yellow Limited (OTCMKTS:DYLLF – Get Free Report) shares fell 8.3% during trading on Thursday. The stock traded as low as $0.4951 and last traded at $0.55. Approximately 39,462 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 75,671 shares. The stock had previously closed at $0.60.
Wall Street Analyst Weigh In
Separately, Royal Bank Of Canada initiated coverage on Deep Yellow in a report on Thursday, September 3rd. They issued 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 assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $1.92.
Read Our Latest Stock Report on Deep Yellow
Deep Yellow Trading Down 8.3%
The firm’s 50 day simple moving average is $0.76 and its two-hundred day simple moving average is $1.14.
About Deep Yellow
Deep Yellow Limited is an Australian uranium exploration and development company focused on advancing projects intended to supply uranium for the nuclear energy industry. Its activities include exploring, evaluating and developing uranium deposits; it is not primarily a uranium producer. The company’s project portfolio includes the Tumas uranium project in Namibia and the Mulga Rock project in Western Australia. These assets give Deep Yellow exploration and development interests in southern Africa and Australia.
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