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 stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $0.76, for a total value of $95,000.00. Following the completion of the transaction, the vice president now directly owns 1,080,334 shares in the company, valued at approximately $821,053.84. This represents a 10.37 % decrease in their position. The transaction was disclosed in a document filed 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 Trading Up 3.8 %

NYSE PED opened at $0.78 on Thursday. The stock has a market cap of $70.24 million, a price-to-earnings ratio of 39.26 and a beta of 0.52. PEDEVCO Corp. has a 12 month low of $0.65 and a 12 month high of $1.10. The company’s 50 day moving average is $0.82 and its two-hundred day moving average is $0.89.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PED shares. D. Boral Capital dropped their price target on shares of PEDEVCO from $2.25 to $1.50 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. StockNews.com assumed coverage on PEDEVCO in a report on Thursday. They issued a “sell” rating on the stock.

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.