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

PEDEVCO Corp. (NYSE:PED - Get Free Report) VP Moore Clark sold 50,000 shares of the company's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $0.86, for a total transaction of $43,000.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 transaction of $95,000.00.

PEDEVCO Trading Down 11.4 %

PEDEVCO stock traded down $0.10 during midday trading on Monday, hitting $0.75. 631,878 shares of the stock were exchanged, compared to its average volume of 227,517. The stock's 50-day simple moving average is $0.82 and its 200 day simple moving average is $0.89. PEDEVCO Corp. has a fifty-two week low of $0.65 and a fifty-two week high of $1.10. The stock has a market capitalization of $67.39 million, a price-to-earnings ratio of 37.67 and a beta of 0.52.

Analyst Ratings Changes

A number of research firms have commented on PED. StockNews.com initiated coverage on shares of PEDEVCO in a report on Wednesday, January 22nd. They issued a "sell" rating for the company. D. Boral Capital reduced their price objective on PEDEVCO from $2.25 to $1.50 and set a "buy" rating on the stock in a research 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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