PEDEVCO Corp. (NYSE:PED) CEO John Douglas Schick Sells 120,000 Shares

PEDEVCO Corp. (NYSE:PED) CEO John Douglas Schick sold 120,000 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $0.76, for a total value of $91,200.00. Following the completion of the transaction, the chief executive officer now owns 1,577,133 shares in the company, valued at $1,198,621.08. This trade represents a 7.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, January 23rd, John Douglas Schick sold 58,334 shares of PEDEVCO stock. The shares were sold at an average price of $0.86, for a total value of $50,167.24.

PEDEVCO Trading Down 11.4 %

Shares of PED traded down $0.10 during mid-day trading on Monday, hitting $0.75. The company’s stock had a trading volume of 631,878 shares, compared to its average volume of 227,517. PEDEVCO Corp. has a 1-year low of $0.65 and a 1-year high of $1.10. The firm has a market capitalization of $67.39 million, a P/E ratio of 37.67 and a beta of 0.52. The firm has a 50-day simple moving average of $0.82 and a 200 day simple moving average of $0.89.

Analyst Upgrades and Downgrades

PED has been the subject of several recent research reports. StockNews.com assumed coverage on PEDEVCO in a report on Wednesday, January 22nd. They set a “sell” rating for the company. D. Boral Capital lowered their target price on shares of PEDEVCO from $2.25 to $1.50 and set a “buy” rating on the stock in a report on Wednesday, November 20th.

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.