Deep Yellow (OTCMKTS:DYLLF) Hits New 12-Month Low – Here’s What Happened

Deep Yellow Limited (OTCMKTS:DYLLF)’s share price reached a new 52-week low during trading on Monday. The stock traded as low as $0.5220 and last traded at $0.55, with a volume of 18,500 shares traded. The stock had previously closed at $0.57.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada assumed coverage on Deep Yellow in a research report on Thursday, September 3rd. They issued an “outperform” rating and a $2.05 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $1.92.

Deep Yellow Trading Down 5.2%

The firm’s fifty day moving average is $0.95 and its 200-day moving average is $1.06.

About Deep Yellow

Deep Yellow Limited is an Australian uranium exploration and development company focused on advancing projects in Namibia and Australia. The company’s activities include mineral exploration, resource evaluation, feasibility studies, project development and the potential future production of uranium oxide for the nuclear energy industry.

Deep Yellow’s primary Namibian asset is the Tumas uranium project, located in the established uranium-producing region of the Erongo district. The company is working to develop Tumas as a conventional uranium mining and processing operation.