Peninsula Energ (OTCMKTS:PENMF) Short Interest Up 2,466.7% in July

Peninsula Energ (OTCMKTS:PENMF) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 24,897 shares, an increase of 2,466.7% from the June 30th total of 970 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 19,098 shares, the short-interest ratio is currently 1.3 days.

Peninsula Energ Stock Performance

PENMF stock opened at $0.17 on Friday. The firm’s 50-day moving average is $0.28 and its two-hundred day moving average is $0.41. Peninsula Energ has a 52 week low of $0.17 and a 52 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.