Insider Selling: PEDEVCO Corp. (NYSE:PED) VP Sells $43,000.00 in Stock

PEDEVCO Corp. (NYSE:PED) VP Moore Clark sold 50,000 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $0.86, for a total transaction of $43,000.00. Following the transaction, the vice president now directly owns 855,334 shares of the company’s stock, valued at approximately $735,587.24. This represents a 5.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, January 27th, Moore Clark sold 125,000 shares of PEDEVCO stock. The stock was sold at an average price of $0.76, for a total value of $95,000.00.

PEDEVCO Stock Up 3.8 %

PEDEVCO stock opened at $0.78 on Thursday. The business has a 50 day moving average price of $0.82 and a two-hundred day moving average price of $0.89. 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 $70.24 million, a price-to-earnings ratio of 39.26 and a beta of 0.52.

Wall Street Analyst Weigh In

PED has been the topic of several recent analyst reports. StockNews.com assumed coverage on PEDEVCO in a research report on Thursday. They issued a “sell” rating on the stock. D. Boral Capital dropped their target price on shares of PEDEVCO from $2.25 to $1.50 and set a “buy” rating on the stock in a research 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.