Deep Yellow (OTCMKTS:DYLLF) Shares Gap Down – Time to Sell?

Shares of Deep Yellow Limited (OTCMKTS:DYLLF) gapped down before the market opened on Thursday . The stock had previously closed at $0.9450, but opened at $0.8628. Deep Yellow shares last traded at $0.90, with a volume of 4,225 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Deep Yellow from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Royal Bank Of Canada assumed coverage on Deep Yellow in a research note on Thursday, September 3rd. They set an “outperform” rating and a $2.05 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $1.92.

Deep Yellow Stock Down 2.0%

The stock has a fifty day moving average price of $1.03 and a 200-day moving average price of $1.13.

Deep Yellow Company Profile

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.