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

Shares of Deep Yellow Limited (OTCMKTS:DYLLF) gapped down before the market opened on Friday . The stock had previously closed at $0.95, but opened at $0.8750. Deep Yellow shares last traded at $0.90, with a volume of 2,611 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised shares of Deep Yellow from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $1.85.

Deep Yellow Stock Up 1.7%

The company’s 50 day moving average is $1.08 and its 200 day moving average is $1.34.

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.