Paul Anthony Pinkston Sells 35,000 Shares of PEDEVCO Corp. (NYSE:PED) Stock

PEDEVCO Corp. (NYSE:PED) CAO Paul Anthony Pinkston sold 35,000 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $0.74, for a total value of $25,900.00. Following the completion of the sale, the chief accounting officer now owns 714,700 shares of the company’s stock, valued at approximately $528,878. The trade was a 4.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

PEDEVCO Price Performance

NYSE:PED opened at $0.78 on Thursday. PEDEVCO Corp. has a 52 week low of $0.61 and a 52 week high of $1.10. The stock’s fifty day moving average is $0.84 and its two-hundred day moving average is $0.90. The company has a market capitalization of $69.63 million, a P/E ratio of 38.92 and a beta of 0.51.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. D. Boral Capital lowered their price target 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. StockNews.com assumed coverage on shares of PEDEVCO in a report on Sunday. They issued a “sell” rating on the stock.

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.