PEDEVCO Corp. (NYSE:PED) VP Moore Clark 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 dated Thursday, January 23rd. The shares were sold at an average price of $0.86, for a total value of $43,000.00. Following the completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 Down 11.4 %

NYSE:PED opened at $0.75 on Tuesday. PEDEVCO Corp. has a 12-month low of $0.65 and a 12-month high of $1.10. The firm has a market capitalization of $67.39 million, a price-to-earnings ratio of 37.67 and a beta of 0.52. The stock’s 50 day moving average price is $0.82 and its two-hundred day moving average price is $0.89.

Analysts Set New Price Targets

Several research firms have recently commented on PED. StockNews.com initiated coverage on PEDEVCO in a report on Wednesday, January 22nd. They issued a “sell” rating for the company. D. Boral Capital cut their price target on shares of PEDEVCO from $2.25 to $1.50 and set a “buy” rating for the company in a research note on Wednesday, November 20th.

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.