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The latest update is out from Deep Yellow Limited ( (AU:DYL) ).
Deep Yellow Limited’s recent quarterly cash flow report indicates a net cash outflow from operating activities amounting to $10.56 million, primarily driven by exploration, evaluation, and staff costs. Despite these outflows, the company received a research and development grant and generated some cash from financing activities, resulting in a slight net cash inflow from financing of $524,000. This financial update reflects the company’s ongoing investment in exploration and development, which is crucial for its strategic positioning in the uranium market, potentially impacting its future operations and stakeholder interests.
The most recent analyst rating on (AU:DYL) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.
More about Deep Yellow Limited
Deep Yellow Limited operates in the mining exploration industry, focusing primarily on the exploration and evaluation of uranium resources. The company is engaged in activities related to the development of mining projects and is positioned within the energy sector, targeting the growing demand for uranium as a fuel for nuclear power generation.
Average Trading Volume: 4,768,544
Technical Sentiment Signal: Buy
Current Market Cap: A$1.83B
Learn more about DYL stock on TipRanks’ Stock Analysis page.