Moore Clark Sells 50,000 Shares of PEDEVCO Corp. (NYSE:PED) Stock

PEDEVCO Corp. (NYSE:PED) VP Moore Clark sold 50,000 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $0.86, for a total value of $43,000.00. Following the completion of the sale, the vice president now directly owns 855,334 shares of the company’s stock, valued at $735,587.24. The trade was a 5.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Trading Up 0.4 %

PED opened at $0.76 on Wednesday. The stock has a fifty day simple moving average of $0.82 and a two-hundred day simple moving average of $0.89. The company has a market cap of $67.66 million, a price-to-earnings ratio of 37.82 and a beta of 0.52. PEDEVCO Corp. has a 12-month low of $0.65 and a 12-month high of $1.10.

Analyst Ratings Changes

A number of analysts recently commented on PED shares. D. Boral Capital dropped their price target on PEDEVCO from $2.25 to $1.50 and set a “buy” rating for the company in a research note on Wednesday, November 20th. StockNews.com started coverage on PEDEVCO in a research note on Wednesday, January 22nd. They issued a “sell” rating for the company.

About PEDEVCO

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.