Peninsula Energ (OTCMKTS:PENMF) Short Interest Down 19.9% in February

Peninsula Energ (OTCMKTS:PENMF) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 1,075,545 shares, a drop of 19.9% from the January 29th total of 1,342,936 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 121,448 shares, the short-interest ratio is presently 8.9 days. Based on an average daily trading volume, of 121,448 shares, the short-interest ratio is presently 8.9 days. Approximately 0.7% of the company’s stock are sold short.

Peninsula Energ Stock Down 5.9%

PENMF stock traded down $0.03 during trading on Tuesday, reaching $0.50. 45,085 shares of the stock were exchanged, compared to its average volume of 82,567. The firm’s 50 day moving average is $0.54 and its 200 day moving average is $0.41. Peninsula Energ has a twelve month low of $0.17 and a twelve month high of $0.77.

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.