Short Interest in Peninsula Energ (OTCMKTS:PENMF) Rises By 24.2%

Peninsula Energ (OTCMKTS:PENMF) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 1,447,271 shares, an increase of 24.2% from the December 15th total of 1,165,169 shares. Based on an average daily volume of 101,487 shares, the days-to-cover ratio is currently 14.3 days. Currently, 0.9% of the shares of the stock are sold short. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 101,487 shares, the days-to-cover ratio is currently 14.3 days.

Peninsula Energ Trading Up 2.2%

Shares of OTCMKTS PENMF opened at $0.59 on Friday. Peninsula Energ has a 52 week low of $0.17 and a 52 week high of $0.62. The firm has a 50-day moving average price of $0.39 and a 200 day moving average price of $0.37.

About Peninsula Energ

Peninsula Energy Limited (OTCMKTS: PENMF) is an Australia-based uranium mining and development company focused on in-situ recovery (ISR) extraction in the United States. The company’s primary asset is the Lance Projects, located within Wyoming’s Powder River Basin, where it operates a central processing plant and associated wellfields under license from the U.S. Nuclear Regulatory Commission. Peninsula Energy’s ISR approach involves circulating oxygenated water through subsurface sandstone aquifers to dissolve uranium, then recovering the uranium-rich solution at surface facilities for purification and precipitation as U3O8.

In addition to its flagship Lance Projects, Peninsula Energy holds exploration and development rights for nearby satellite deposits in the Barnes Dome area of Wyoming.