Street Talk

Peninsula Energy has shareholders on edge

Sarah Thompson, Kanika Sood and Emma Rapaport

Apr 29, 2025 – 3.04pm

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Uranium, one of 2024’s hottest trades, is in the spotlight for all the wrong reasons. Short sellers are preying on sector leaders Boss Energy and Paladin Energy as shares tumble.

One of the poster children for uranium’s ailing fortunes is Peninsula Energy, a $100 million market capitalisation uranium miner with a mine in Wyoming, US. Shares in the ASX-listed company have fallen almost 70 per cent over the past year and have been suspended from trading before an expected production guidance downgrade.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.