PEDEVCO Corp. (NYSE:PED) CAO Paul Anthony Pinkston Sells 35,000 Shares

PEDEVCO Corp. (NYSE:PED) CAO Paul Anthony Pinkston sold 35,000 shares of the stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $0.74, for a total transaction of $25,900.00. Following the transaction, the chief accounting officer now owns 714,700 shares of the company’s stock, valued at approximately $528,878. This represents a 4.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

PEDEVCO Price Performance

NYSE PED remained flat at $0.78 during trading on Tuesday. The company’s stock had a trading volume of 37,463 shares, compared to its average volume of 97,562. The firm’s fifty day simple moving average is $0.84 and its 200 day simple moving average is $0.90. The firm has a market capitalization of $69.63 million, a PE ratio of 38.92 and a beta of 0.51. PEDEVCO Corp. has a 1 year low of $0.61 and a 1 year high of $1.10.

Analysts Set New Price Targets

Several research firms recently issued reports on PED. D. Boral Capital dropped their target price on PEDEVCO from $2.25 to $1.50 and set a “buy” rating on the stock in a report on Wednesday, November 20th. StockNews.com initiated coverage on PEDEVCO in a research note on Sunday. They set a “sell” rating on the stock.

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.