Peninsula Energ (OTCMKTS:PENMF) Short Interest Update

Peninsula Energ (OTCMKTS:PENMF) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 1,075,545 shares, a decline of 19.9% from the January 29th total of 1,342,936 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 121,448 shares, the days-to-cover ratio is currently 8.9 days. Based on an average daily trading volume, of 121,448 shares, the days-to-cover ratio is currently 8.9 days. Approximately 0.7% of the shares of the company are short sold.

Peninsula Energ Trading Down 4.9%

Shares of Peninsula Energ stock opened at $0.51 on Wednesday. The firm’s 50-day simple moving average is $0.54 and its 200-day simple moving average is $0.41. Peninsula Energ has a twelve month low of $0.17 and a twelve month 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.