Peninsula Energ (OTCMKTS:PENMF) Short Interest Up 2,389.7% in May

Peninsula Energ (OTCMKTS:PENMF) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 6,996 shares, a growth of 2,389.7% from the May 14th total of 281 shares. Based on an average daily volume of 40,897 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Peninsula Energ Trading Up 9.3%

OTCMKTS PENMF traded up $0.02 during trading on Wednesday, reaching $0.28. 58,900 shares of the company’s stock were exchanged, compared to its average volume of 60,874. Peninsula Energ has a fifty-two week low of $0.17 and a fifty-two week high of $0.77. The company’s fifty day simple moving average is $0.35 and its 200-day simple moving average is $0.43.

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.