Deep Yellow (OTCMKTS:DYLLF) Shares Gap Up – What’s Next?

Deep Yellow Limited (OTCMKTS:DYLLF)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $1.65, but opened at $1.75. Deep Yellow shares last traded at $1.84, with a volume of 222,953 shares.

Analyst Upgrades and Downgrades

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

Deep Yellow Stock Up 13.9%

The company’s fifty day moving average price is $1.26 and its 200 day moving average price is $1.20.

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.