Peninsula Energ (OTCMKTS:PENMF) Short Interest Up 450.2% in June

Peninsula Energ (OTCMKTS:PENMF) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 38,491 shares, an increase of 450.2% from the May 31st total of 6,996 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 58,174 shares, the days-to-cover ratio is currently 0.7 days.

Peninsula Energ Stock Performance

PENMF stock traded down $0.03 during midday trading on Friday, reaching $0.26. The company had a trading volume of 8,500 shares, compared to its average volume of 27,277. The stock has a 50 day moving average price of $0.33 and a 200 day moving average price of $0.43. Peninsula Energ has a fifty-two week low of $0.17 and a fifty-two week high of $0.77.

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.