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

Shares of Deep Yellow Limited (OTCMKTS:DYLLF) gapped up before the market opened on Wednesday . The stock had previously closed at $1.23, but opened at $1.2850. Deep Yellow shares last traded at $1.28, with a volume of 12,840 shares.

Wall Street Analyst Weigh In

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

Deep Yellow Stock Performance

The company has a 50-day moving average of $1.12 and a two-hundred day moving average of $1.13.

Deep Yellow Company Profile

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.