Sign up Australia
Proactive Investors - Run By Investors For Investors

Peninsula Energy responds to ASX query after 36% jump

Peninsula Energy (ASX:PEN) received an ASX Price and Volume speeding ticket late Friday, following a 36% jump in the share price intra-day to $0.75, on increased volume.
Peninsula Energy responds to ASX query after 36% jump
The uranium price has increased close to 20% in recent weeks.

Peninsula said it was unaware of any reason for the change in trading.

The company did however note that there were widespread increases in the share prices of uranium companies in North America recently, and on the ASX.

The uranium price has increased close to 20% in recent weeks.


Background

Peninsula is producing uranium from the Lance Projects which have a mine life of at least 20 years, underpinned by 53.7 million pounds, the largest uranium ISR JORC-Code compliant resource in North America.

View full PEN profile

Peninsula Energy Timeline

Related Articles

u308_583650538afa0.jpg
November 24 2016
Broker Numis is getting bullish on uranium again following a new marketing initiative from the Kazakh government. Kazatomprom, the Kazakh-state uranium producer, is the largest producer in the world accounting for 39% of global mine production in 2015.
Berkeley Energia and its Spanish uranium story
March 15 2017
Salamanca, says the group, will be one of the globe's top ten producers and among the lowest cost producers
bannerman-resources_BM-profile-full-sign_medium-757.jpg
October 28 2016
Bannerman CEO Brandon Munro commented: “We are delighted with the strength of the response to our placement offering."

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.