Deep Yellow (OTCMKTS:DYLLF) Shares Gap Up – Still a Buy?

Shares of Deep Yellow Limited (OTCMKTS:DYLLFGet Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $0.9010, but opened at $0.95. Deep Yellow shares last traded at $0.95, with a volume of 250 shares traded.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded shares of Deep Yellow from a “hold” rating to a “strong-buy” rating in a report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Deep Yellow currently has an average rating of “Buy” and an average target price of $1.85.

View Our Latest Report on Deep Yellow

Deep Yellow Stock Performance

The company has a 50 day simple moving average of $1.04 and a 200 day simple moving average of $1.33.

Deep Yellow Company Profile

(Get Free Report)

Deep Yellow Limited is an Australia-based mineral exploration and development company focused on advancing uranium projects in Africa. Established in 1990 and headquartered in Perth, the company’s principal goal is to define and develop high-quality uranium resources to support global low-carbon energy solutions. Deep Yellow pursues a strategy of systematic exploration, resource delineation and feasibility studies aimed at delivering near-term production opportunities.

The company’s flagship assets are located in Namibia’s well-known uranium provinces, including the Tumas and Omahola project areas, where extensive drilling programs have identified significant mineralisation.

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