PEDEVCO Corp. (NYSE:PED) VP Moore Clark Sells 125,000 Shares

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

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

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

PEDEVCO Trading Down 11.4 %

NYSE PED opened at $0.75 on Tuesday. PEDEVCO Corp. has a 12 month low of $0.65 and a 12 month high of $1.10. The stock has a market cap of $67.39 million, a price-to-earnings ratio of 37.67 and a beta of 0.52. The company’s 50 day moving average is $0.82 and its two-hundred day moving average is $0.89.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of PEDEVCO in a research report on Wednesday, January 22nd. They set a “sell” rating for the company. D. Boral Capital dropped their price target on shares of PEDEVCO from $2.25 to $1.50 and set a “buy” rating on the stock in a research note 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.