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Pedevco Corp (NYSE:PED) EVP Moore Clark sold 3,500 shares of the stock in a transaction dated Friday, August 29th. The stock was 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 of the company’s stock, valued at approximately $2,128,468. The transaction was disclosed in a legal filing with the SEC, which is available at 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. The stock had a trading volume of 91,254 shares. Pedevco Corp has a 52 week low of $0.381 and a 52 week high of $4.24. The stock has a 50-day moving average of $1.81 and a 200-day moving average of $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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