Peninsula Energ (OTCMKTS:PENMF – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 24,897 shares, an increase of 2,466.7% from the June 30th total of 970 shares. Based on an average daily trading volume, of 19,098 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.0% of the shares of the stock are short sold.
Peninsula Energ Trading Down 15.0%
OTCMKTS PENMF opened at $0.17 on Friday. The firm’s 50 day simple moving average is $0.28 and its 200 day simple moving average is $0.41. Peninsula Energ has a 1 year low of $0.17 and a 1 year high of $0.77.
About Peninsula Energ
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.
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