# ASX energy stock Deep Yellow Ltd (ASX: DYL) slumped almost 4% lower on Thursday after it released its March 2026 quarterly activities report.

*business · news · 2026-05-02 · The Motley Fool Australia*

## Key points

- Deep Yellow reported a group cash balance of A$171.6 million as of 31 March 2026.
- Exploration drilling at Tinkas Prospect in Namibia completed 133 holes totaling 1,363 meters in March 2026.
- Bell Potter reduced its price target on Deep Yellow from $2.00 to $1.90 after the report.
- A new Managing Director, Greg Field, was appointed after John Borshoff's resignation in October 2025.

**Companies:** Deep Yellow Ltd
**Countries:** Australia, Namibia

[Read the full story on The Motley Fool Australia](https://www.fool.com.au/2026/05/03/is-this-asx-energy-stock-a-buy-hold-or-sell-following-quarterly-results/)

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