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

Peninsula Energ (OTCMKTS:PENMF) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 2,878 shares, a decline of 92.8% from the August 31st total of 40,040 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 79,373 shares, the short-interest ratio is presently 0.0 days.

Peninsula Energ Stock Down 10.3%

Shares of PENMF stock traded down $0.02 on Thursday, hitting $0.17. 184,341 shares of the stock were exchanged, compared to its average volume of 28,611. The business has a 50-day moving average of $0.21 and a 200 day moving average of $0.30. Peninsula Energ has a fifty-two week low of $0.14 and a fifty-two week high of $0.77.

Peninsula Energ Company Profile

Peninsula Energy Limited is an Australian uranium company focused on the exploration, development and production of uranium in the United States. The company’s primary asset is the Lance Uranium Project in Wyoming, where it uses in-situ recovery (ISR) technology to extract uranium without conventional open-pit or underground mining.

The Lance Project includes several permitted uranium deposits and processing infrastructure. Peninsula has worked to restart and expand operations at Lance following a period of care and maintenance, with the project designed to produce uranium for the nuclear power industry and serve customers in the United States and international markets.

Peninsula Energy is headquartered in Perth, Australia, and is listed on the Australian Securities Exchange under the symbol PEN, with its shares also trading over the counter in the United States under the symbol PENMF.