Peninsula Energ (OTCMKTS:PENMF) Shares Shorted: Short Interest Up 3,413.1% in October

Peninsula Energ (OTCMKTS:PENMF) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 101,108 shares, a growth of 3,413.1% from the September 30th total of 2,878 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 104,223 shares, the days-to-cover ratio is presently 1.0 days.

Peninsula Energ Stock Down 5.6%

Shares of OTCMKTS PENMF traded down $0.01 during midday trading on Monday, hitting $0.14. The company had a trading volume of 2,400 shares, compared to its average volume of 50,824. Peninsula Energ has a twelve month low of $0.12 and a twelve month high of $0.77. The business has a 50-day simple moving average of $0.20 and a two-hundred day simple moving average of $0.26.

Peninsula Energ Company Profile

Peninsula Energy Limited is an Australia-based 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, which is being developed using in-situ recovery (ISR) technology. This method extracts uranium through wells by circulating a solution through mineralized formations, reducing the need for conventional open-pit or underground mining.

The Lance project is located in Wyoming’s Powder River Basin and includes permitted uranium resources, wellfields, processing facilities and related infrastructure.