Pedevco Corp. (NYSEAMERICAN:PED – Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.56 and traded as low as $0.5357. Pedevco shares last traded at $0.5599, with a volume of 87,188 shares traded.
Pedevco Stock Performance
The company’s 50-day moving average price is $0.56 and its 200 day moving average price is $0.60. The stock has a market capitalization of $53.48 million, a PE ratio of 5.09 and a beta of 0.26.
Pedevco Company Profile
Pedevco Corp is an independent oil and gas exploration and production company incorporated in Delaware and listed on the NYSE American under the ticker symbol PED. The firm focuses on acquiring, developing and producing hydrocarbon assets, with a strategic emphasis on shallow water and onshore properties in Trinidad and Tobago. Since its listing, Pedevco has pursued opportunities to expand reserves through targeted exploration and development projects in one of the Caribbean’s most prolific hydrocarbon-producing regions.
The company’s portfolio centers on two primary concession areas in Trinidad and Tobago: the O-55 shallow water offshore block and the onshore Block 3(a) license.
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