Sign up Australia
Proactive Investors - Run By Investors For Investors

Peninsula Energy managing director buys shares on-market

In a vote of confidence, Peninsula's managing director bought shares on-market.
Peninsula Energy managing director buys shares on-market
Shares in Peninsula are trading at $0.31

Peninsula Energy (ASX:PEN) has had 115,000 shares purchased by its managing director and CEO, Wayne Heili.

Heili purchased the 115,000 shares for $37,689.86 resulting in an average price of $0.3277.

Peninsula is currently experiencing improved operational performance at its flagship Lance Projects located in Wyoming, U.S.

The daily rate of uranium production recently increased to above 400 pounds per day, a 40% increase from the March 2017 quarter daily average.

Production in the June quarter is expected to be circa 30,000 pounds of uranium oxide which is a 20% improvement over the March 2017 quarter.

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

View full PEN profile View Profile

Peninsula Energy Ltd Timeline

Related Articles

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."
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

© Proactive Investors 2017

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

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use