tiprankstipranks
Trending News
More News >

Peninsula Energy Completes Unmarketable Parcel Share Sale

Story Highlights
Peninsula Energy Completes Unmarketable Parcel Share Sale

Peninsula Energy ( (AU:PEN) ) has issued an update.

Peninsula Energy Limited has completed the sale of shares under its Unmarketable Parcel Share Sale Facility, which involved selling shares held by shareholders with less than A$500 worth of shares. This initiative was designed to help shareholders sell their shares without incurring costs and to reduce the company’s administrative expenses. A total of 629,429 shares were sold, representing 0.39% of the total issued capital, at an average price of $0.855 per share. The proceeds from the sale will be distributed to eligible shareholders by the end of March 2025.

More about Peninsula Energy

Peninsula Energy Limited is an ASX-listed company focused on uranium production, with its primary operations based in the United States. The company owns the Lance Projects in Wyoming, which are among the largest independent uranium development projects in the US. Peninsula Energy has been meeting delivery requirements since 2016 and holds long-term sales contracts with major utilities in the US and Europe. The company aims to be a key supplier of uranium, contributing to a secure and sustainable energy future.

YTD Price Performance: -45.35%

Average Trading Volume: 29,225

Technical Sentiment Signal: Buy

Current Market Cap: $72.95M

For detailed information about PEN stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App