Peninsula Energ (OTCMKTS:PENMF) Sees Large Drop in Short Interest

Peninsula Energ (OTCMKTS:PENMF) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 970 shares, a decrease of 97.5% from the June 15th total of 38,491 shares. Based on an average daily trading volume, of 43,106 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Peninsula Energ Price Performance

Shares of PENMF stock traded up $0.00 during midday trading on Friday, reaching $0.25. 19,245 shares of the company traded hands, compared to its average volume of 13,633. The firm’s 50 day simple moving average is $0.29 and its two-hundred day simple moving average is $0.42. 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.