PEDEVCO Corp. (NYSE:PED) CAO Paul Anthony Pinkston Sells 65,000 Shares

PEDEVCO Corp. (NYSE:PED) CAO Paul Anthony Pinkston sold 65,000 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $0.76, for a total transaction of $49,400.00. Following the transaction, the chief accounting officer now owns 816,700 shares in the company, valued at $620,692. This represents a 7.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

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

PEDEVCO Trading Down 11.4 %

PED traded down $0.10 during midday trading on Monday, reaching $0.75. The company’s stock had a trading volume of 631,878 shares, compared to its average volume of 227,517. The stock’s 50-day moving average is $0.82 and its 200-day moving average is $0.89. PEDEVCO Corp. has a 1 year low of $0.65 and a 1 year 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.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PED shares. StockNews.com initiated coverage on PEDEVCO in a research report on Wednesday, January 22nd. They issued a “sell” rating for the company. D. Boral Capital lowered their price objective on PEDEVCO from $2.25 to $1.50 and set a “buy” rating for the company in a research 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.