Short Interest in Peninsula Energ (OTCMKTS:PENMF) Declines By 99.7%

Peninsula Energ (OTCMKTS:PENMF) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 281 shares, a decline of 99.7% from the April 30th total of 104,308 shares. Based on an average daily volume of 118,191 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Peninsula Energ Price Performance

Peninsula Energ stock remained flat at $0.29 during trading hours on Wednesday. The company’s stock had a trading volume of 31,327 shares, compared to its average volume of 52,254. The company’s fifty day simple moving average is $0.37 and its 200-day simple moving average is $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.