Short Interest in Peninsula Energ (OTCMKTS:PENMF) Expands By 331.8%

Peninsula Energ (OTCMKTS:PENMF) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 107,498 shares, a growth of 331.8% from the July 15th total of 24,897 shares. Based on an average daily volume of 55,772 shares, the short-interest ratio is presently 1.9 days. Currently, 0.0% of the company’s stock are sold short.

Peninsula Energ Price Performance

Shares of Peninsula Energ stock remained flat at $0.23 on Thursday. The stock had a trading volume of 25,000 shares, compared to its average volume of 27,794. Peninsula Energ has a 12-month low of $0.14 and a 12-month high of $0.77. The stock’s 50-day simple moving average is $0.26 and its 200 day simple moving average is $0.37.

About Peninsula Energ

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.