Deep Yellow (OTCMKTS:DYLLF) Sets New 12-Month Low – Should You Sell?

Deep Yellow Limited (OTCMKTS:DYLLF) reached a new 52-week low during trading on Wednesday. The stock traded as low as $0.8385 and last traded at $0.8385, with a volume of 6500 shares traded. The stock had previously closed at $0.8601.

Wall Street Analyst Weigh In

Several research firms have issued reports on DYLLF. Royal Bank Of Canada initiated coverage on shares of Deep Yellow in a research note on Thursday, September 3rd. They set an “outperform” rating and a $2.05 target price on the stock. Jefferies Financial Group raised shares of Deep Yellow from a “hold” rating to a “strong-buy” rating in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $1.92.

Deep Yellow Stock Down 4.7%

The stock has a 50 day moving average price of $1.03 and a 200-day moving average price of $1.12.

About Deep Yellow

Deep Yellow Limited is an Australian uranium exploration and development company focused on advancing projects in Namibia and Western Australia. The company is listed on the Australian Securities Exchange under the symbol DYL, with its shares also traded over the counter in the United States under the symbol DYLLF.

Deep Yellow’s principal Namibian asset is the Tumas uranium project, located in the established uranium-producing Erongo region. The company is working to develop Tumas into a uranium mining and processing operation, subject to project approvals, financing and construction.