Peninsula Energ (OTCMKTS:PENMF) Short Interest Update

Peninsula Energ (OTCMKTS:PENMF) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 38,491 shares, a growth of 450.2% from the May 31st total of 6,996 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 58,174 shares, the days-to-cover ratio is presently 0.7 days.

Peninsula Energ Price Performance

Shares of Peninsula Energ stock traded down $0.03 during trading hours on Friday, reaching $0.26. The company had a trading volume of 8,500 shares, compared to its average volume of 27,277. Peninsula Energ has a one year low of $0.17 and a one year high of $0.77. The business has a fifty day simple moving average of $0.33 and a 200 day simple moving average of $0.43.

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.