PEDEVCO Corp. (NYSE:PED) CAO Paul Anthony Pinkston Sells 23,000 Shares of Stock

PEDEVCO Corp. (NYSE:PED) CAO Paul Anthony Pinkston sold 23,000 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $0.85, for a total transaction of $19,550.00. Following the completion of the transaction, the chief accounting officer now owns 691,700 shares in the company, valued at $587,945. This represents a 3.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Paul Anthony Pinkston also recently made the following trade(s):

• On Monday, January 27th, Paul Anthony Pinkston sold 65,000 shares of PEDEVCO stock. The stock was sold at an average price of $0.76, for a total value of $49,400.00.
• On Friday, December 27th, Paul Anthony Pinkston sold 35,000 shares of PEDEVCO stock. The shares were sold at an average price of $0.74, for a total value of $25,900.00.

PEDEVCO Stock Down 11.4 %

Shares of PEDEVCO stock opened at $0.75 on Tuesday. The business has a 50-day moving average price of $0.82 and a 200 day moving average price of $0.89. PEDEVCO Corp. has a fifty-two week low of $0.65 and a fifty-two week high of $1.10. The firm has a market cap of $67.39 million, a P/E ratio of 37.67 and a beta of 0.52.

Analyst Ratings Changes

Several research firms have recently commented on PED. D. Boral Capital reduced their target price on PEDEVCO from $2.25 to $1.50 and set a “buy” rating for the company in a research note on Wednesday, November 20th. StockNews.com started coverage on shares of PEDEVCO in a report on Wednesday, January 22nd. They issued a “sell” rating on the 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.