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

Deep Yellow Limited (OTCMKTS:DYLLF) gapped down before the market opened on Friday . The stock had previously closed at $1.61, but opened at $1.42. Deep Yellow shares last traded at $1.56, with a volume of 37,500 shares.

Analysts Set New Price Targets

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

Deep Yellow Trading Up 1.2%

The business has a 50-day moving average of $1.22 and a 200-day moving average of $1.18.

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.