Peninsula Energ (OTCMKTS:PENMF) Short Interest Up 1,167.5% in August

Peninsula Energ (OTCMKTS:PENMF) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 40,040 shares, a growth of 1,167.5% from the August 15th total of 3,159 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 51,511 shares, the short-interest ratio is currently 0.8 days.

Peninsula Energ Stock Performance

PENMF opened at $0.25 on Friday. Peninsula Energ has a 1-year low of $0.14 and a 1-year high of $0.77. The firm has a 50-day moving average price of $0.23 and a two-hundred day moving average price of $0.32.

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.