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

Key Points

• Short interest plunged 76.2% to 214,210 shares as of March 31 (down from 900,849 on March 15), leaving a days-to-cover ratio of 4.0 and roughly 0.1% of shares sold short.
• Shares jumped 11.0%, opening at $0.42, with a 50-day moving average of $0.47, a 200-day moving average of $0.44, and a 52-week range of $0.17–$0.77.
• Peninsula Energy is an Australia-based uranium miner using in-situ recovery at the Lance Projects in Wyoming's Powder River Basin, operating a licensed central processing plant and wellfields.

Peninsula Energ (OTCMKTS:PENMF - Get Free Report) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 214,210 shares, a decrease of 76.2% from the March 15th total of 900,849 shares. Based on an average daily volume of 53,669 shares, the days-to-cover ratio is presently 4.0 days. Approximately 0.1% of the shares of the stock are sold short.

Peninsula Energ Trading Up 11.0%

Shares of OTCMKTS PENMF opened at $0.42 on Friday. The firm's fifty day moving average is $0.47 and its two-hundred day moving average is $0.44. 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.

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