Deep Yellow (OTCMKTS:DYLLF) Trading Down 6% - Here's Why

Key Points

• Deep Yellow Limited's share price has fallen by 6%, trading as low as $1.06 during recent sessions.
• The trading volume for the stock dropped significantly, with approximately 40,410 shares traded, representing a 67% decline from its average daily volume.
• Deep Yellow operates primarily as a uranium exploration company in Namibia, holding significant interests in multiple projects covering a total of 1,685 square kilometers.

Deep Yellow Limited (OTCMKTS:DYLLF - Get Free Report)'s stock price dropped 6% during trading on Monday . The company traded as low as $1.06 and last traded at $1.10. Approximately 40,410 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 122,550 shares. The stock had previously closed at $1.17.

Deep Yellow Price Performance

The stock's 50-day simple moving average is $1.02 and its 200 day simple moving average is $0.82.

About Deep Yellow

Deep Yellow Limited, together with its subsidiaries, operates as a uranium exploration company in Namibia. The company holds a 100% interest in the Reptile project, which covers an area of 896 square kilometers (km2); 65% interest in the Nova Joint Venture covering an area of 599 km2; and 85% interest in the Yellow Dune Joint Venture covering an area of 190 km2.