Deep Yellow (ASX:DYL) share price wobbles as demand burgeons

The Deep Yellow Limited (ASX: DYL) share price spent most of the day 4% higher than yesterday’s closing price, but has dropped this afternoon after the company made an announcement. The uranium exploration company announced its share purchase plan, intended to raise $2 million, was heavy oversubscribed.

The company received applications for more than 3.7 times the number of shares available within the purchase plan.

At the time of writing, the Deep Yellow share price is 75 cents, flat on yesterday’s close.

Let’s look more into this afternoon’s announcement from Deep Yellow.

Oversubscribed share purchase plan

 On the ASX, there are…