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.