PEDEVCO (NYSE:PED) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of PEDEVCO (NYSE:PEDGet Free Report) in a research report issued on Tuesday. The firm set a “sell” rating on the stock.

PEDEVCO Trading Down 2.6 %

PED opened at $0.72 on Tuesday. The firm has a market cap of $62.62 million, a PE ratio of 23.93 and a beta of 0.54. The stock has a 50 day moving average price of $0.75. PEDEVCO has a 1-year low of $0.61 and a 1-year high of $1.19.

Insider Buying and Selling

In related news, VP Moore Clark sold 45,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $0.66, for a total value of $29,700.00. Following the sale, the vice president now owns 555,334 shares in the company, valued at approximately $366,520.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other PEDEVCO news, President John Douglas Schick sold 58,333 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $0.64, for a total transaction of $37,333.12. Following the sale, the president now owns 780,467 shares in the company, valued at approximately $499,498.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Moore Clark sold 45,000 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $0.66, for a total value of $29,700.00. Following the sale, the vice president now owns 555,334 shares in the company, valued at approximately $366,520.44. The disclosure for this sale can be found here. Insiders have sold a total of 319,300 shares of company stock worth $206,411 in the last quarter. Company insiders own 71.10% of the company’s stock.

About PEDEVCO

(Get Free Report)

PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. The company is headquartered in Houston, Texas. PEDEVCO Corp. is a subsidiary of SK Energy LLC.

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