Short Interest in Peninsula Energ (OTCMKTS:PENMF) Increases By 1,167.5%

Peninsula Energ (OTCMKTS:PENMF) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 40,040 shares, a growth of 1,167.5% from the August 15th total of 3,159 shares. Based on an average daily trading volume, of 51,511 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.0% of the company’s stock are short sold.

Peninsula Energ Stock Down 26.0%

OTCMKTS:PENMF traded down $0.07 during mid-day trading on Friday, reaching $0.19. The company’s stock had a trading volume of 23,990 shares, compared to its average volume of 30,474. Peninsula Energ has a 1 year low of $0.14 and a 1 year high of $0.77. The stock has a fifty day moving average of $0.23 and a 200-day moving average of $0.32.

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.