PEDEVCO (NYSE:PED) Now Covered by StockNews.com

StockNews.com started coverage on shares of PEDEVCO (NYSE:PED - Free Report) in a research note published on Monday morning. The firm issued a sell rating on the stock.

Separately, D. Boral Capital dropped their target price 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 Trading Down 2.6 %

NYSE PED traded down $0.02 during trading hours on Monday, hitting $0.80. The company's stock had a trading volume of 99,112 shares, compared to its average volume of 119,996. The company has a market capitalization of $72.01 million, a PE ratio of 40.25 and a beta of 0.52. PEDEVCO has a 52 week low of $0.61 and a 52 week high of $1.10. The company's 50-day simple moving average is $0.83 and its two-hundred day simple moving average is $0.90.

Insider Transactions at PEDEVCO

In related news, CAO Paul Anthony Pinkston sold 35,000 shares of the company's stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $0.74, for a total value of $25,900.00. Following the transaction, the chief accounting officer now owns 714,700 shares in the company, valued at approximately $528,878. This represents a 4.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 70.60% of the company's stock.

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.