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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.

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