Peninsula Energ (OTCMKTS:PENMF – Get Free Report) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 24,897 shares, an increase of 2,466.7% from the June 30th total of 970 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 19,098 shares, the days-to-cover ratio is presently 1.3 days.
Peninsula Energ Price Performance
Shares of PENMF traded down $0.03 on Friday, hitting $0.17. The company’s stock had a trading volume of 12,500 shares, compared to its average volume of 54,380. The firm’s fifty day moving average price is $0.28 and its 200-day moving average price is $0.41. Peninsula Energ has a fifty-two week low of $0.17 and a fifty-two week high of $0.77.
About Peninsula Energ
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.
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