Deep Yellow (OTCMKTS:DYLLF) Shares Gap Up – Here’s What Happened

Deep Yellow Limited (OTCMKTS:DYLLF)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $0.9426, but opened at $0.9922. Deep Yellow shares last traded at $0.9922, with a volume of 3,015 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DYLLF shares. Royal Bank Of Canada began coverage on shares of Deep Yellow in a research report on Thursday, September 3rd. They set an “outperform” rating and a $2.05 price target for the company. Jefferies Financial Group raised shares of Deep Yellow from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 5th. One 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. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $1.92.

Deep Yellow Trading Down 0.9%

The business’s 50-day moving average price is $1.03 and its two-hundred day moving average price is $1.14.

About Deep Yellow

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.