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Peninsula Energy receives further investment from Global X uranium ETF

New York based investment bank H.C. Wainwright & Co has a target price of $1.50.
concept of increasing markets
Shares in Peninsula are currently trading at $0.37

Peninsula Energy Ltd (ASX:PEN) has had major shareholder, Global X Management Company, increase its stake in the company.

Global X, a well-known ETF company, has increased its equity position in Peninsula to 13.06% from 12.03%.

READ: Peninsula Energy has buy recommendation reiterated, price target of $1.50

Peninsula continues to increase uranium production from its flagship Lance Projects in the U.S.

There were circa 38,800 pounds of uranium produced in the December quarter, 4,300 pounds more than the previous quarter.

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Peninsula Energy Ltd Timeline

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