Deep Yellow (OTCMKTS:DYLLF) Trading Down 5.8% – Should You Sell?

Deep Yellow Limited (OTCMKTS:DYLLF)’s share price traded down 5.8% during mid-day trading on Friday . The company traded as low as $1.42 and last traded at $1.61. 26,580 shares were traded during mid-day trading, a decline of 83% from the average session volume of 158,744 shares. The stock had previously closed at $1.71.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group started coverage on shares of Deep Yellow in a research report on Wednesday, December 17th. They set a “neutral” rating and a $1.85 target price for the company. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Deep Yellow has an average rating of “Hold” and an average target price of $1.85.

Deep Yellow Trading Down 3.2%

The stock has a fifty day simple moving average of $1.38 and a two-hundred day simple moving average of $1.23.

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.