Deep Yellow (OTCMKTS:DYLLF) Shares Down 11.2% – Should You Sell?

Deep Yellow Limited (OTCMKTS:DYLLF) shares fell 11.2% on Tuesday . The company traded as low as $1.5180 and last traded at $1.54. 30,500 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 139,732 shares. The stock had previously closed at $1.7350.

Analyst Ratings Changes

Several analysts have recently commented on the company. The Goldman Sachs Group started coverage on Deep Yellow in a research note on Wednesday, December 17th. They issued a “neutral” rating and a $1.85 price objective for the company. Jefferies Financial Group downgraded shares of Deep Yellow to an “underperform” rating and set a $1.85 price objective on the stock. in a report on Monday. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $1.85.

Deep Yellow Stock Down 5.4%

The business’s fifty day moving average is $1.46 and its 200 day moving average is $1.26.

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.