Insider Selling: Moore Clark Sells 3,500 Shares of Pedevco Corp Stock (PED)
Pedevco Corp (NYSE:PED) EVP Moore Clark sold 3,500 shares of the stock on the open market in a transaction dated Friday, August 29th. The shares were sold at an average price of $2.00, for a total value of $7,000.00. Following the transaction, the executive vice president now directly owns 1,064,234 shares in the company, valued at approximately $2,128,468. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Roth Capital initiated coverage on shares of Pedevco Corp in a research note on Friday, July 18th. They set a “buy” rating and a $3.00 price target on the stock.
Pedevco Corp (NYSE:PED) traded down 3.30% during mid-day trading on Wednesday, hitting $1.76. 91,254 shares of the company’s stock traded hands. Pedevco Corp has a 52 week low of $0.381 and a 52 week high of $4.24. The stock’s 50-day moving average is $1.81 and its 200-day moving average is $2.04. The company’s market cap is $51.2 million.
PEDEVCO Corp, formerly Blast Energy Services, Inc, is focused on resources and operations on its down-hole solutions and oil and gas production segments.
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