Deep Yellow initiated with a Speculative Buy at Canaccord

Canaccord initiated coverage of Deep Yellow with a Speculative Buy rating and A$1.44 price target. The growth of nuclear generation is surpassing expectations and Deep Yellow, which boasts “one of the largest uranium resources on the ASX at 409Mlb,” is progressing the development of Tumas and Mulga Rock while also exploring significant prospects around at Alligator River, the analyst tells investors.