Peninsula Energ (OTCMKTS:PENMF) Short Interest Update

Peninsula Energ (OTCMKTS:PENMF) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 107,498 shares, an increase of 331.8% from the July 15th total of 24,897 shares. Based on an average daily trading volume, of 55,772 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.0% of the shares of the stock are short sold.

Peninsula Energ Trading Up 5.4%

OTCMKTS:PENMF traded up $0.01 during trading hours on Friday, hitting $0.24. The company’s stock had a trading volume of 4,800 shares, compared to its average volume of 52,395. The business’s 50-day moving average is $0.26 and its two-hundred day moving average is $0.37. Peninsula Energ has a 52-week low of $0.14 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.