Peninsula Energ (OTCMKTS:PENMF) Stock Price Down 2.5% – Here’s What Happened

Peninsula Energ (OTCMKTS:PENMF) shares dropped 2.5% on Monday . The stock traded as low as $0.5458 and last traded at $0.5458. Approximately 7,000 shares were traded during trading, a decline of 92% from the average daily volume of 88,118 shares. The stock had previously closed at $0.56.

Peninsula Energ Stock Down 2.5%

The stock has a 50 day simple moving average of $0.53 and a 200 day simple moving average of $0.41.

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.