PEDEVCO Corp. (NYSE:PED) CAO Paul Anthony Pinkston Sells 23,000 Shares

PEDEVCO Corp. (NYSE:PED) CAO Paul Anthony Pinkston sold 23,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 691,700 shares of the company’s stock, valued at approximately $587,945. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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 stock was 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 Trading Up 3.8 %

Shares of PEDEVCO stock opened at $0.78 on Thursday. The company has a market cap of $70.24 million, a P/E ratio of 39.26 and a beta of 0.52. The business has a 50-day moving average price of $0.82 and a two-hundred day moving average price of $0.89. PEDEVCO Corp. has a 1-year low of $0.65 and a 1-year high of $1.10.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PED shares. 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. StockNews.com initiated coverage on shares of PEDEVCO in a research 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.