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

PEDEVCO Corp. (NYSE:PED - Get Free Report) CAO Paul Anthony Pinkston sold 35,000 shares of the business's stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $0.74, for a total value of $25,900.00. Following the completion of the transaction, the chief accounting officer now directly owns 714,700 shares of the company's stock, valued at approximately $528,878. This trade represents a 4.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

PEDEVCO Stock Performance

PED stock remained flat at $0.78 during mid-day trading on Tuesday. The company's stock had a trading volume of 42,979 shares, compared to its average volume of 97,584. PEDEVCO Corp. has a 52 week low of $0.61 and a 52 week high of $1.10. The firm has a 50-day moving average of $0.84 and a 200 day moving average of $0.90. The firm has a market capitalization of $69.63 million, a P/E ratio of 38.92 and a beta of 0.51.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PED shares. StockNews.com initiated coverage on shares of PEDEVCO in a research note on Sunday. They set a "sell" rating on the stock. D. Boral Capital dropped their price target on shares of 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.