John Douglas Schick Sells 58,334 Shares of PEDEVCO Corp. (NYSE:PED) Stock

PEDEVCO Corp. (NYSE:PED - Get Free Report) CEO John Douglas Schick sold 58,334 shares of the company's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $0.86, for a total transaction of $50,167.24. Following the completion of the sale, the chief executive officer now directly owns 1,197,133 shares in the company, valued at $1,029,534.38. This represents a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, January 27th, John Douglas Schick sold 120,000 shares of PEDEVCO stock. The shares were sold at an average price of $0.76, for a total transaction of $91,200.00.

PEDEVCO Stock Performance

Shares of NYSE:PED traded down $0.10 on Monday, hitting $0.75. The company's stock had a trading volume of 631,878 shares, compared to its average volume of 227,517. PEDEVCO Corp. has a 12 month low of $0.65 and a 12 month high of $1.10. The stock's 50-day moving average is $0.82 and its two-hundred day moving average is $0.89. The company has a market capitalization of $67.39 million, a price-to-earnings ratio of 37.67 and a beta of 0.52.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PED. StockNews.com assumed coverage on PEDEVCO in a research report on Wednesday, January 22nd. They set a "sell" rating on the stock. D. Boral Capital cut their target price on shares of PEDEVCO from $2.25 to $1.50 and set a "buy" rating on the stock in a 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.

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