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

PEDEVCO Corp. (NYSE:PED) CAO Paul Anthony Pinkston sold 23,000 shares of PEDEVCO stock in a transaction 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 sale, the chief accounting officer now owns 691,700 shares in the company, valued at approximately $587,945. This represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 shares were sold at an average price of $0.76, for a total value 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 0.4 %

Shares of NYSE:PED opened at $0.76 on Wednesday. The company has a market cap of $67.66 million, a price-to-earnings ratio of 37.82 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 has a 50-day moving average price of $0.82 and a 200 day moving average price of $0.89.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PED. StockNews.com began coverage on PEDEVCO in a report on Wednesday, January 22nd. They set a “sell” rating for the company. D. Boral Capital cut their target price on shares of PEDEVCO from $2.25 to $1.50 and set a “buy” rating for the company in a report on Wednesday, November 20th.

About PEDEVCO

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.