Deep Yellow Limited (OTCMKTS:DYLLF – Get Free Report) hit a new 52-week low during mid-day trading on Monday. The company traded as low as $0.65 and last traded at $0.65, with a volume of 52,075 shares. The stock had previously closed at $0.6834.
Wall Street Analyst Weigh In
Separately, Royal Bank Of Canada started coverage on Deep Yellow in a report on Thursday, September 3rd. They issued 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 given a Hold rating to the company’s stock. According to data from MarketBeat, Deep Yellow currently has a consensus rating of “Buy” and a consensus price target of $1.92.
Read Our Latest Research Report on Deep Yellow
Deep Yellow Trading Down 2.7%
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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