Peninsula Energ (OTCMKTS:PENMF) Sees Large Decline in Short Interest

Peninsula Energ (OTCMKTS:PENMF) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 55,975 shares, a decrease of 73.9% from the March 31st total of 214,210 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 49,960 shares, the short-interest ratio is currently 1.1 days.

Peninsula Energ Trading Up 26.6%

Shares of PENMF stock opened at $0.60 on Friday. Peninsula Energ has a 12 month low of $0.17 and a 12 month high of $0.77. The stock has a 50 day moving average of $0.45 and a 200-day moving average of $0.44.

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.