PEDEVCO Corp. (NYSE:PED) CEO Sells $50,167.24 in Stock

PEDEVCO Corp. (NYSE:PED) CEO John Douglas Schick sold 58,334 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $0.86, for a total transaction of $50,167.24. Following the sale, the chief executive officer now owns 1,197,133 shares of the company’s stock, valued at approximately $1,029,534.38. This represents a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

John Douglas Schick also recently made the following trade(s):

• On Monday, January 27th, John Douglas Schick sold 120,000 shares of PEDEVCO stock. The shares were sold at an average price of $0.76, for a total transaction of $91,200.00.

PEDEVCO Trading Up 3.8 %

PED opened at $0.78 on Thursday. PEDEVCO Corp. has a twelve month low of $0.65 and a twelve month high of $1.10. The firm has a market cap of $70.24 million, a price-to-earnings ratio of 39.26 and a beta of 0.52. The company has a fifty day simple moving average of $0.82 and a 200 day simple moving average of $0.89.

Analysts Set New Price Targets

Several research analysts have commented on PED shares. D. Boral Capital cut their price objective on PEDEVCO from $2.25 to $1.50 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. StockNews.com initiated coverage on PEDEVCO in a report on Thursday. They set 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.