Peninsula Energ (OTCMKTS:PENMF) Sees Large Drop in Short Interest

Peninsula Energ (OTCMKTS:PENMF) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 2,878 shares, a decrease of 92.8% from the August 31st total of 40,040 shares. Based on an average daily volume of 79,373 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Peninsula Energ Stock Performance

PENMF traded down $0.02 during trading on Thursday, reaching $0.17. The company had a trading volume of 184,341 shares, compared to its average volume of 28,611. Peninsula Energ has a 12 month low of $0.14 and a 12 month high of $0.77. The business’s fifty day moving average price is $0.21 and its 200 day moving average price is $0.30.

Peninsula Energ Company Profile

Peninsula Energy Limited is an Australian uranium company focused on the exploration, development and production of uranium in the United States. The company’s primary asset is the Lance Uranium Project in Wyoming, where it uses in-situ recovery (ISR) technology to extract uranium without conventional open-pit or underground mining.

The Lance Project includes several permitted uranium deposits and processing infrastructure. Peninsula has worked to restart and expand operations at Lance following a period of care and maintenance, with the project designed to produce uranium for the nuclear power industry and serve customers in the United States and international markets.

Peninsula Energy is headquartered in Perth, Australia, and is listed on the Australian Securities Exchange under the symbol PEN, with its shares also trading over the counter in the United States under the symbol PENMF.