Peninsula Energy (PENMF) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Peninsula Energy (OTCMKTS:PENMF) from a hold rating to a buy rating in a research note issued to investors on Saturday morning. They currently have $0.25 target price on the stock.

According to Zacks, “Peninsula Energy Limited explores, develops and mines uranium properties primarily in the United States. The company’s project primarily includes Lance uranium projects in Wyoming, the United States. Peninsula Energy Limited is based in Subiaco, Australia. “

Separately, HC Wainwright reiterated a buy rating on shares of Peninsula Energy in a report on Thursday, October 19th.

Peninsula Energy (OTCMKTS PENMF) traded up $0.03 during mid-day trading on Friday, reaching $0.35. The company’s stock had a trading volume of 1,125 shares, compared to its average volume of 2. Peninsula Energy has a 52-week low of $0.23 and a 52-week high of $0.58.

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Peninsula Energy Company Profile

Peninsula Energy Limited explores for, develops, and mines uranium properties in the United States. It also explores molybdenum and gold ores. The company holds 100% interest in the Lance uranium projects that are located in Wyoming, the United States. It also jointly holds interest in the Karoo uranium exploration projects, which are situated in the Karoo Basin, South Africa; and RakiRaki Gold project located in Fiji.

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