Pedevco Corp EVP Sells $7,000 in Stock (PED)
Pedevco Corp (NYSE:PED) EVP Moore Clark sold 3,500 shares of the company’s stock 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 completion of 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.
Shares of Pedevco Corp (NYSE:PED) traded down 1.14% during mid-day trading on Friday, hitting $1.73. The stock had a trading volume of 2,600 shares. Pedevco Corp has a one year low of $0.381 and a one year high of $4.24. The stock’s 50-day moving average is $1.80 and its 200-day moving average is $2.04. The company’s market cap is $50.4 million.
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, 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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