PEDEVCO (NYSEAMERICAN:PED) Stock Price Down 12.5%


Share on StockTwits

Shares of PEDEVCO Corp. (NYSEAMERICAN:PED) traded down 12.5% during mid-day trading on Tuesday . The stock traded as low as $1.62 and last traded at $1.75. 2,819,189 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 3,302,385 shares. The stock had previously closed at $2.00.

The business’s 50 day simple moving average is $1.30. The firm has a market cap of $139.05 million, a PE ratio of -12.50 and a beta of 1.22.

In other PEDEVCO news, VP Moore Clark sold 23,500 shares of PEDEVCO stock in a transaction on Monday, December 14th. The shares were sold at an average price of $1.16, for a total value of $27,260.00. Following the sale, the vice president now directly owns 369,576 shares in the company, valued at approximately $428,708.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ivar Siem sold 50,000 shares of PEDEVCO stock in a transaction on Tuesday, January 19th. The shares were sold at an average price of $1.40, for a total transaction of $70,000.00. Following the completion of the sale, the director now owns 120,000 shares in the company, valued at $168,000. The disclosure for this sale can be found here. Insiders sold a total of 506,100 shares of company stock worth $724,408 over the last quarter. Company insiders own 76.30% of the company’s stock.

An institutional investor recently bought a new position in PEDEVCO stock. Traynor Capital Management Inc. acquired a new stake in PEDEVCO Corp. (NYSEAMERICAN:PED) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 100,000 shares of the company’s stock, valued at approximately $151,000. Traynor Capital Management Inc. owned 0.14% of PEDEVCO at the end of the most recent reporting period. Institutional investors and hedge funds own 1.20% of the company’s stock.

PEDEVCO Company Profile (NYSEAMERICAN:PED)

PEDEVCO Corp., an oil and gas company, engages in the acquisition, development, and production of oil and natural gas assets in the United States. As of December 31, 2018, the company held approximately 23,441 net acres in the Permian Basin Asset located in Chaves and Roosevelt Counties, New Mexico; and approximately 11,948 net D-J Basin acres in D-J Basin Asset situated in Weld and Morgan Counties, Colorado.

Featured Article: Trading Strategy Methods for Individual Investors

Receive News & Ratings for PEDEVCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PEDEVCO and related companies with MarketBeat.com's FREE daily email newsletter.