Short Interest in Peninsula Energ (OTCMKTS:PENMF) Declines By 14.6%

Peninsula Energ (OTCMKTS:PENMF) was the recipient of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 918,710 shares, a decline of 14.6% from the February 12th total of 1,075,545 shares. Based on an average trading volume of 55,170 shares, the short-interest ratio is presently 16.7 days. Currently, 0.6% of the company’s shares are sold short. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 55,170 shares, the short-interest ratio is presently 16.7 days.

Peninsula Energ Stock Performance

Shares of OTCMKTS PENMF opened at $0.37 on Tuesday. Peninsula Energ has a 52-week low of $0.17 and a 52-week high of $0.77. The firm has a 50 day moving average price of $0.55 and a 200 day moving average price of $0.42.

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.