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Mining

Peninsula Energy gets ready to raise

Uranium-producer Peninsula Energy (ASX:PEN) has been granted a trading halt this morning by the ASX, pending details of a capital raising.

Broker Numis is a fan on Peninsula, and has a target of A$1.05 per share.

The halt will remain in place until the opening of trade on Thursday 8th December 2016, or earlier if an announcement is made to the market.