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

Peninsula Energ (OTCMKTS:PENMF) saw a significant drop in short interest in 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 shares of the company are short sold. Based on an average trading volume of 35,400 shares, the days-to-cover ratio is currently 0.1 days.

Peninsula Energ Price Performance

OTCMKTS:PENMF opened at $0.23 on Thursday. The company has a 50 day moving average price of $0.24 and a 200-day moving average price of $0.34. Peninsula Energ has a 1-year low of $0.14 and a 1-year 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.