Peninsula Energ (OTCMKTS:PENMF) Short Interest Update

Peninsula Energ (OTCMKTS:PENMF) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 918,710 shares, a drop of 14.6% from the February 12th total of 1,075,545 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 55,170 shares, the short-interest ratio is presently 16.7 days. Based on an average daily volume of 55,170 shares, the short-interest ratio is presently 16.7 days. Approximately 0.6% of the company’s stock are sold short.

Peninsula Energ Price Performance

Shares of OTCMKTS:PENMF opened at $0.43 on Wednesday. The business has a 50-day simple moving average of $0.54 and a two-hundred day simple moving average of $0.42. Peninsula Energ has a fifty-two week low of $0.17 and a fifty-two week 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.