Short Interest in Peninsula Energ (OTCMKTS:PENMF) Declines By 97.5%

Peninsula Energ (OTCMKTS:PENMF) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 970 shares, a drop of 97.5% from the June 15th total of 38,491 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 43,106 shares, the days-to-cover ratio is presently 0.0 days.

Peninsula Energ Stock Performance

PENMF traded up $0.00 on Friday, reaching $0.25. 19,245 shares of the company traded hands, compared to its average volume of 13,633. The stock’s 50 day moving average price is $0.29 and its 200-day moving average price is $0.42. Peninsula Energ has a 52-week low of $0.17 and a 52-week high of $0.77.

Peninsula Energ Company Profile

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.