Deep Yellow (OTCMKTS:DYLLF) Stock Jumps 7.1% – Still a Buy?

Deep Yellow Limited (OTCMKTS:DYLLF)’s stock price traded up 7.1% during trading on Tuesday. The company traded as high as $0.9643 and last traded at $0.9643. Approximately 1,494 shares were traded during trading, a decline of 98% from the average session volume of 73,110 shares. The stock had previously closed at $0.90.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Jefferies Financial Group upgraded Deep Yellow from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Royal Bank Of Canada began coverage on Deep Yellow in a research report on Thursday, September 3rd. They set an “outperform” rating and a $2.05 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $1.92.

Deep Yellow Price Performance

The stock’s fifty day moving average is $1.03 and its two-hundred day moving average is $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.