Short Interest in Peninsula Energ (OTCMKTS:PENMF) Decreases By 97.1%

Peninsula Energ (OTCMKTS:PENMF) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 3,159 shares, a drop of 97.1% from the July 30th total of 107,498 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 35,400 shares, the days-to-cover ratio is currently 0.1 days.

Peninsula Energ Stock Performance

OTCMKTS:PENMF traded down $0.04 on Wednesday, hitting $0.23. 36,500 shares of the stock were exchanged, compared to its average volume of 51,364. Peninsula Energ has a 52 week low of $0.14 and a 52 week high of $0.77. The company’s 50-day moving average price is $0.25 and its 200 day moving average price is $0.35.

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.