Deep Yellow (OTCMKTS:DYLLF) Shares Climb 17.3% – Time to Buy?

Deep Yellow Limited (OTCMKTS:DYLLF) shares shot up 17.3% on Tuesday. The company traded as high as $0.61 and last traded at $0.61. 13,378 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 76,178 shares. The stock had previously closed at $0.52.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada assumed coverage on shares of Deep Yellow in a research note on Thursday, September 3rd. They issued an “outperform” rating and a $2.05 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $1.92.

Deep Yellow Trading Up 3.4%

The stock has a fifty day simple moving average of $0.76 and a 200 day simple moving average of $1.14.

Deep Yellow Company Profile

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.