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

PEDEVCO Corp. (NYSE:PED) VP Moore Clark sold 50,000 shares of PEDEVCO stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $0.86, for a total value of $43,000.00. Following the transaction, the vice president now directly owns 855,334 shares of the company’s stock, valued at approximately $735,587.24. The trade was a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 value of $95,000.00.

PEDEVCO Stock Performance

NYSE:PED opened at $0.78 on Thursday. The stock’s fifty day moving average price is $0.82 and its two-hundred day moving average price is $0.89. The company has a market cap of $70.24 million, a price-to-earnings ratio of 39.26 and a beta of 0.52. PEDEVCO Corp. has a 52-week low of $0.65 and a 52-week high of $1.10.

Analyst Ratings Changes

PED has been the topic of several research analyst reports. StockNews.com assumed coverage on PEDEVCO in a report on Thursday. They set a “sell” rating on the stock. D. Boral Capital lowered their price objective on shares of PEDEVCO from $2.25 to $1.50 and set a “buy” rating for the company in a research report on Wednesday, November 20th.

About PEDEVCO

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.