Peninsula Energ (OTCMKTS:PENMF) Short Interest Update

by · The Markets Daily

Peninsula Energ (OTCMKTS:PENMF – Get Free Report) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 40,040 shares, a growth of 1,167.5% from the August 15th total of 3,159 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 51,511 shares, the days-to-cover ratio is presently 0.8 days.

Peninsula Energ Price Performance

Peninsula Energ stock traded down $0.03 during mid-day trading on Thursday, reaching $0.25. 26,669 shares of the company were exchanged, compared to its average volume of 29,140. The company has a fifty day simple moving average of $0.23 and a 200-day simple moving average of $0.32. Peninsula Energ has a 12 month low of $0.14 and a 12 month high of $0.77.

Peninsula Energ Company Profile

(Get Free Report)

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.

Read More