PEDEVCO Corp. (NYSE:PED) VP Sells $95,000.00 in Stock

PEDEVCO Corp. (NYSE:PED) VP Moore Clark sold 125,000 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $0.76, for a total value of $95,000.00. Following the completion of the sale, the vice president now directly owns 1,080,334 shares in the company, valued at $821,053.84. This trade represents a 10.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Moore Clark also recently made the following trade(s):

• On Thursday, January 23rd, Moore Clark sold 50,000 shares of PEDEVCO stock. The stock was sold at an average price of $0.86, for a total transaction of $43,000.00.

PEDEVCO Stock Performance

Shares of NYSE:PED opened at $0.78 on Thursday. The business has a 50-day simple moving average of $0.82 and a two-hundred day simple moving average of $0.89. The firm has a market cap of $70.24 million, a price-to-earnings ratio of 39.26 and a beta of 0.52. PEDEVCO Corp. has a fifty-two week low of $0.65 and a fifty-two week high of $1.10.

Analysts Set New Price Targets

Several brokerages have issued reports on PED. StockNews.com started coverage on shares of PEDEVCO in a report on Thursday. They issued a “sell” rating for the company. D. Boral Capital decreased their price objective on shares of PEDEVCO from $2.25 to $1.50 and set a “buy” rating for the company in a report on Wednesday, November 20th.

PEDEVCO Company Profile

PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. It holds interests in the Permian Basin asset covering an area of approximately 22,721 net acres located in New Mexico; and D-J Basin asset covering an area of approximately 19,214 net acres located in Wyoming.