Insider Selling: PEDEVCO Corp. (NYSE:PED) VP Sells 50,000 Shares of Stock

PEDEVCO Corp. (NYSE:PED) VP Moore Clark sold 50,000 shares of the firm’s 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 owns 855,334 shares of the company’s stock, valued at $735,587.24. The trade was a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $0.76, for a total value of $95,000.00.

PEDEVCO Stock Performance

NYSE PED opened at $0.76 on Wednesday. PEDEVCO Corp. has a one year low of $0.65 and a one year high of $1.10. The stock has a 50-day moving average of $0.82 and a 200 day moving average of $0.89. The company has a market capitalization of $67.66 million, a price-to-earnings ratio of 37.82 and a beta of 0.52.

Analyst Upgrades and Downgrades

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

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.