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 the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $0.85, for a total transaction of $19,550.00. Following the completion of the transaction, the chief accounting officer now directly owns 691,700 shares of the company’s stock, valued at approximately $587,945. The trade was a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 shares were sold at an average price of $0.74, for a total value of $25,900.00.

PEDEVCO Price Performance

PED stock traded down $0.10 during trading on Monday, hitting $0.75. 631,878 shares of the stock traded hands, compared to its average volume of 227,517. The stock has a market cap of $67.39 million, a price-to-earnings ratio of 37.67 and a beta of 0.52. PEDEVCO Corp. has a 1 year low of $0.65 and a 1 year high of $1.10. The firm’s 50 day moving average is $0.82 and its two-hundred day moving average is $0.89.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PED. D. Boral Capital cut their price objective 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. StockNews.com began coverage on PEDEVCO in a research report on Wednesday, January 22nd. They set a “sell” rating for the company.

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.