Peninsula Energ (OTCMKTS:PENMF) Sees Significant Growth in Short Interest

Peninsula Energ (OTCMKTS:PENMF) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 6,996 shares, a growth of 2,389.7% from the May 14th total of 281 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 40,897 shares, the days-to-cover ratio is currently 0.2 days.

Peninsula Energ Price Performance

Shares of OTCMKTS:PENMF traded up $0.02 during trading on Tuesday, hitting $0.28. 11,778 shares of the stock were exchanged, compared to its average volume of 33,934. The company has a fifty day moving average price of $0.35 and a two-hundred day moving average price of $0.43. Peninsula Energ has a 12-month low of $0.17 and a 12-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.