Moore Clark Sells 125,000 Shares of PEDEVCO Corp. (NYSE:PED) Stock

PEDEVCO Corp. (NYSE:PED) VP Moore Clark sold 125,000 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $0.76, for a total transaction of $95,000.00. Following the sale, the vice president now owns 1,080,334 shares in the company, valued at $821,053.84. This trade represents a 10.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Moore Clark also recently made the following trade(s):

• On Thursday, January 23rd, Moore Clark sold 50,000 shares of PEDEVCO stock. The stock was sold at an average price of $0.86, for a total transaction of $43,000.00.

PEDEVCO Stock Performance

Shares of PED opened at $0.76 on Wednesday. The company has a market capitalization of $67.66 million, a PE ratio of 37.82 and a beta of 0.52. PEDEVCO Corp. has a 52 week low of $0.65 and a 52 week high of $1.10. The company’s 50 day moving average price is $0.82 and its 200 day moving average price is $0.89.

Analyst Ratings Changes

A number of analysts recently commented on the stock. StockNews.com assumed coverage on shares of PEDEVCO in a report on Wednesday, January 22nd. They issued a “sell” rating on the stock. D. Boral Capital dropped their target price on shares of PEDEVCO from $2.25 to $1.50 and set a “buy” rating on the stock 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.