Deep Yellow (OTCMKTS:DYLLF) Shares Up 14.5% – Still a Buy?

Shares of Deep Yellow Limited (OTCMKTS:DYLLF) rose 14.5% during trading on Tuesday . The company traded as high as $1.26 and last traded at $1.26. 22,900 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 76,587 shares. The stock had previously closed at $1.10.

Wall Street Analysts Forecast Growth

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

Deep Yellow Stock Performance

The company has a 50 day simple moving average of $0.99 and a two-hundred day simple moving average of $1.24.

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.