Deep Yellow Limited (OTCMKTS:DYLLF – Get Free Report) shares hit a new 52-week low during 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 research note on Thursday, September 3rd. They set an “outperform” rating and a $2.05 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Deep Yellow presently has an average rating of “Buy” and a consensus price target of $1.92.
Read Our Latest Stock Report on DYLLF
Deep Yellow Stock Down 1.2%
The business’s 50 day moving average price is $0.97 and its two-hundred day moving average price is $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.
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