PEDEVCO Corp. (NYSE:PED) CAO Sells $19,550.00 in Stock

PEDEVCO Corp. (NYSE:PED) CAO Paul Anthony Pinkston sold 23,000 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $0.85, for a total transaction of $19,550.00. Following the transaction, the chief accounting officer now directly owns 691,700 shares in the company, valued at approximately $587,945. This represents a 3.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Paul Anthony Pinkston also recently made the following trade(s):

• On Monday, January 27th, Paul Anthony Pinkston sold 65,000 shares of PEDEVCO stock. The shares were sold at an average price of $0.76, for a total transaction of $49,400.00.
• On Friday, December 27th, Paul Anthony Pinkston sold 35,000 shares of PEDEVCO stock. The stock was sold at an average price of $0.74, for a total value of $25,900.00.

PEDEVCO Stock Down 11.4 %

Shares of NYSE:PED traded down $0.10 during midday trading on Monday, hitting $0.75. 631,878 shares of the stock traded hands, compared to its average volume of 227,517. The stock has a market capitalization of $67.39 million, a PE ratio of 37.67 and a beta of 0.52. PEDEVCO Corp. has a one year low of $0.65 and a one year high of $1.10. The business’s 50 day moving average is $0.82 and its two-hundred day moving average is $0.89.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PED shares. D. Boral Capital reduced their price target on 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 began coverage on PEDEVCO in a research note on Wednesday, January 22nd. They set a “sell” rating for the company.

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.