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

PEDEVCO Corp. (NYSE:PED) VP Moore Clark sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $0.86, for a total value of $43,000.00. Following the sale, the vice president now owns 855,334 shares of the company’s stock, valued at approximately $735,587.24. This represents a 5.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Price Performance

Shares of NYSE:PED opened at $0.75 on Tuesday. The company has a market capitalization of $67.39 million, a P/E ratio of 37.67 and a beta of 0.52. The business’s 50 day simple moving average is $0.82 and its 200 day simple moving average is $0.89. PEDEVCO Corp. has a 1 year low of $0.65 and a 1 year high of $1.10.

Analyst Upgrades and Downgrades

PED has been the topic of a number of research reports. D. Boral Capital decreased their price objective on PEDEVCO from $2.25 to $1.50 and set a “buy” rating on the stock in a report on Wednesday, November 20th. StockNews.com assumed coverage on shares of PEDEVCO in a research note 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.