PEDEVCO (PED) Trading 15.6% Higher

PEDEVCO Corp. (NYSEAMERICAN:PED)’s share price traded up 15.6% on Thursday . The company traded as high as $0.37 and last traded at $0.37. 898,200 shares changed hands during trading, an increase of 66% from the average session volume of 542,150 shares. The stock had previously closed at $0.32.

The firm has a market capitalization of $1.92, a P/E ratio of -0.10 and a beta of -1.95.

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PEDEVCO Corp. is an energy company, which is engaged in the acquisition, exploration, development and production of oil and natural gas shale plays in the Denver-Julesberg Basin (D-J Basin) in Colorado. The D-J Basin contains hydrocarbon bearing deposits in several formations, including the Niobrara, Codell, Greenhorn, Shannon, J-Sand and D-Sand.

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