Deep Yellow (OTCMKTS:DYLLF) Sets New 52-Week High – What’s Next?

Shares of Deep Yellow Limited (OTCMKTS:DYLLF) hit a new 52-week high during trading on Tuesday . The company traded as high as $1.7399 and last traded at $1.7399, with a volume of 143228 shares trading hands. The stock had previously closed at $1.60.

Analysts Set New Price Targets

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

Deep Yellow Trading Up 5.6%

The stock’s 50 day simple moving average is $1.25 and its 200 day simple moving average is $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.