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The latest update is out from Peninsula Energy ( (AU:PEN) ).
Peninsula Energy has secured a debt facility of up to US$15 million from Davidson Kempner to continue development at its Lance Project and support an upcoming equity capital raise. This funding will enable the company to maintain its operational momentum, complete necessary commissioning activities, and strengthen its financial position, positioning it for a successful equity raise and resumption of trading on the ASX.
The most recent analyst rating on (AU:PEN) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Peninsula Energy stock, see the AU:PEN Stock Forecast page.
More about Peninsula Energy
Peninsula Energy Limited, along with its wholly owned subsidiary Strata Energy Inc., operates in the energy sector with a focus on uranium production. The company’s flagship project, the Lance Project, is located in Wyoming, USA, and aims to become a key supplier of yellowcake to the growing United States and global market.
Average Trading Volume: 715,164
Technical Sentiment Signal: Sell
Current Market Cap: A$98.97M
Find detailed analytics on PEN stock on TipRanks’ Stock Analysis page.