PEDEVCO Corp. (NYSE:PED) VP Moore Clark Sells 125,000 Shares

PEDEVCO Corp. (NYSE:PED - Get Free Report) VP Moore Clark sold 125,000 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $0.76, for a total transaction of $95,000.00. Following the sale, the vice president now directly owns 1,080,334 shares of the company's stock, valued at $821,053.84. This represents a 10.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Moore Clark also recently made the following trade(s):

• On Thursday, January 23rd, Moore Clark sold 50,000 shares of PEDEVCO stock. The stock was sold at an average price of $0.86, for a total transaction of $43,000.00.

PEDEVCO Price Performance

Shares of NYSE:PED traded down $0.10 during mid-day trading on Monday, hitting $0.75. The company had a trading volume of 631,878 shares, compared to its average volume of 227,517. PEDEVCO Corp. has a one year low of $0.65 and a one year high of $1.10. The firm has a fifty day moving average price of $0.82 and a 200 day moving average price of $0.89. The company has a market capitalization of $67.39 million, a PE ratio of 37.67 and a beta of 0.52.

Wall Street Analyst Weigh In

PED has been the subject of a number of analyst reports. StockNews.com assumed coverage on shares of PEDEVCO in a research note on Wednesday, January 22nd. They set a "sell" rating for the company. 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.

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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