Deep Yellow Ltd's stock soared 5.08% intraday on Tuesday, as the uranium producer caught a bid following positive analyst commentary.

The move comes after Canaccord Genuity highlighted uranium equities as beneficiaries of increased focus on energy security, specifically naming Deep Yellow among stocks with "torque and positive potential catalysts." The broker noted that uranium share prices currently imply a value below its long-term forecast, suggesting potential upside for the sector.