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

PEDEVCO Corp. (NYSE:PED) CAO Paul Anthony Pinkston sold 35,000 shares of PEDEVCO 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 sale, the chief accounting officer now directly owns 714,700 shares of the company’s stock, valued at $528,878. The trade was a 4.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

PEDEVCO Stock Performance

PEDEVCO stock remained flat at $0.78 during midday trading on Tuesday. 37,463 shares of the company’s stock traded hands, compared to its average volume of 97,562. The company has a fifty day simple moving average of $0.84 and a 200-day simple moving average of $0.90. PEDEVCO Corp. has a twelve month low of $0.61 and a twelve month high of $1.10. The company has a market capitalization of $69.63 million, a P/E ratio of 38.92 and a beta of 0.51.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. D. Boral Capital reduced their price objective on PEDEVCO from $2.25 to $1.50 and set a “buy” rating for the company in a report on Wednesday, November 20th. StockNews.com began coverage on PEDEVCO in a research note on Sunday. They issued a “sell” rating for the company.

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.