Stock Track | Deep Yellow Plummets 7.52% Intraday on Project Delays and Wider-Than-Expected Losses

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Deep Yellow Ltd's stock plummeted 7.52% during intraday trading on Friday, following a double dose of negative news concerning its key project timeline and financial performance.

The uranium miner faced analyst pressure after Jefferies retained its underperform rating on the stock, citing a pushed-back final investment decision for its crucial Tumas mine in Namibia to the second half of 2026. The firm's analyst expressed concern that the company's valuation does not adequately reflect execution and market risks, setting a price target of A$2.20, below its recent trading price.

Compounding investor concerns, the company reported a wider fiscal first-half loss of AU$0.008 per share, missing analyst expectations for a break-even result. Revenue for the period also declined significantly to AU$4 million from AU$6.3 million a year earlier, highlighting ongoing financial challenges.

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