Peninsula Energ (OTCMKTS:PENMF) Short Interest Update

Peninsula Energ (OTCMKTS:PENMF) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 3,159 shares, a drop of 97.1% from the July 30th total of 107,498 shares. Based on an average trading volume of 35,400 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Peninsula Energ Stock Performance

Shares of PENMF traded up $0.04 during trading hours on Tuesday, reaching $0.27. 51,130 shares of the company’s stock traded hands, compared to its average volume of 24,751. Peninsula Energ has a 12 month low of $0.14 and a 12 month high of $0.77. The firm’s 50 day simple moving average is $0.25 and its 200-day simple moving average is $0.35.

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.