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

Deep Yellow Limited (OTCMKTS:DYLLF) shares gapped down prior to trading on Friday . The stock had previously closed at $1.61, but opened at $1.42. Deep Yellow shares last traded at $1.56, with a volume of 37,500 shares changing hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group assumed coverage on shares of Deep Yellow in a research report on Wednesday, December 17th. They set a “neutral” rating and a $1.85 price target for the company. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Deep Yellow presently has a consensus rating of “Hold” and a consensus price target of $1.85.

Deep Yellow Stock Up 1.3%

The company has a fifty day moving average of $1.23 and a two-hundred day moving average of $1.19.

About Deep Yellow

Deep Yellow Limited is an Australia-based mineral exploration and development company focused on advancing uranium projects in Africa. Established in 1990 and headquartered in Perth, the company’s principal goal is to define and develop high-quality uranium resources to support global low-carbon energy solutions. Deep Yellow pursues a strategy of systematic exploration, resource delineation and feasibility studies aimed at delivering near-term production opportunities.

The company’s flagship assets are located in Namibia’s well-known uranium provinces, including the Tumas and Omahola project areas, where extensive drilling programs have identified significant mineralisation.