John Douglas Schick Sells 120,000 Shares of PEDEVCO Corp. (NYSE:PED) Stock

PEDEVCO Corp. (NYSE:PED - Get Free Report) CEO John Douglas Schick sold 120,000 shares of the business's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $0.76, for a total value of $91,200.00. Following the transaction, the chief executive officer now directly owns 1,577,133 shares of the company's stock, valued at approximately $1,198,621.08. This represents a 7.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

John Douglas Schick also recently made the following trade(s):

• On Thursday, January 23rd, John Douglas Schick sold 58,334 shares of PEDEVCO stock. The stock was sold at an average price of $0.86, for a total transaction of $50,167.24.

PEDEVCO Trading Down 11.4 %

Shares of NYSE PED traded down $0.10 during trading hours on Monday, reaching $0.75. The stock had a trading volume of 631,878 shares, compared to its average volume of 227,517. The firm has a 50-day moving average of $0.82 and a 200-day moving average of $0.89. The firm has a market cap of $67.39 million, a price-to-earnings ratio of 37.67 and a beta of 0.52. PEDEVCO Corp. has a fifty-two week low of $0.65 and a fifty-two week high of $1.10.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PED shares. D. Boral Capital lowered their price objective on PEDEVCO from $2.25 to $1.50 and set a "buy" rating for the company in a research report on Wednesday, November 20th. StockNews.com started coverage on shares of PEDEVCO in a research report on Wednesday, January 22nd. They issued a "sell" rating on the stock.

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.

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