Australia's Deep Yellow falls most in more than 4 months on delayed project decision

DEEP YELLOW

19/12/2024 04:40

** Shares of Deep Yellow  DYL.AX  are down as much as 13.3% to
A$1.040, their biggest intraday percentage loss since Aug. 2
** Uranium explorer says that there is a delay in the final
investment decision for its key Tumas project in Namibia, now
expected in early March 2025
    ** Delay is due to the firm awaiting final costings and
quotes for equipment and construction, others
    ** Stock hits its lowest level since Sept. 11
    ** Over 6.1 mln shares change hands, 1.8x the 30-day avg
    ** Stock is the biggest loser in the benchmark S&P/ASX 200
index  .AXJO 
    ** Stock down 3.7% YTD, including current session, as at
0433 GMT

(Reporting by Kumar Tanishk in Bengaluru)
((mailto:Tanishk.Kumar@thomsonreuters.com;))