Peninsula Energ (OTCMKTS:PENMF) Short Interest Down 99.7% in May

Peninsula Energ (OTCMKTS:PENMF) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 281 shares, a decline of 99.7% from the April 30th total of 104,308 shares. Based on an average trading volume of 118,191 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Peninsula Energ Stock Down 22.8%

Shares of OTCMKTS PENMF traded down $0.07 during midday trading on Thursday, reaching $0.22. 13,115 shares of the company’s stock were exchanged, compared to its average volume of 63,858. Peninsula Energ has a 52-week low of $0.17 and a 52-week high of $0.77. The business’s fifty day moving average price is $0.37 and its two-hundred day moving average price is $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.