Peninsula Energ (OTCMKTS:PENMF – Get Free Report) was the target of a significant 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. Based on an average trading volume of 104,223 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.0% of the company’s stock are sold short.
Peninsula Energ Trading Down 5.6%
Shares of OTCMKTS PENMF opened at $0.14 on Tuesday. Peninsula Energ has a 12-month low of $0.12 and a 12-month high of $0.77. The business’s fifty day simple moving average is $0.20 and its 200-day simple moving average is $0.34.
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.
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