Shares of Pedevco Corp (NYSEAMERICAN:PED) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.00 and traded as high as $1.39. Pedevco shares last traded at $1.22, with a volume of 32,556 shares.
In other Pedevco news, CEO Simon G. Kukes purchased 17,468 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $1.67 per share, with a total value of $29,171.56. Also, CEO Simon G. Kukes purchased 29,338 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were acquired at an average cost of $1.59 per share, with a total value of $46,647.42. Over the last 90 days, insiders have bought 77,536 shares of company stock valued at $124,609.
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in Pedevco by 2,017.2% in the 2nd quarter. BlackRock Inc. now owns 21,172 shares of the company’s stock valued at $44,000 after buying an additional 20,172 shares during the last quarter. Vanguard Group Inc. boosted its position in Pedevco by 18.4% in the 2nd quarter. Vanguard Group Inc. now owns 91,437 shares of the company’s stock valued at $190,000 after buying an additional 14,206 shares during the last quarter. Finally, Barclays PLC purchased a new position in Pedevco in the 4th quarter valued at about $60,000.
PEDEVCO Corp., doing business as Pacific Energy Development, engages in the acquisition, exploration, development, and production of oil and natural gas shale plays in the United States. The company's principal asset is Denver-Julesberg (D-J) Basin asset comprising approximately 10,961 net acres located in the Weld county, Colorado.
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