Pedevco Corp (PED) Sees Unusually-High Trading Volume
Pedevco Corp (NYSE:PED) shares saw an uptick in trading volume on Friday . 94,850 shares changed hands during trading, a decline of 36% from the previous session’s volume of 148,323 shares.The stock last traded at $0.66 and had previously closed at $0.67.
The firm’s market cap is $4.14 million. The firm’s 50 day moving average is $0.65 and its 200 day moving average is $0.78.
In related news, insider Michael L. Peterson sold 41,250 shares of the firm’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $0.62, for a total transaction of $25,575.00. Following the transaction, the insider now directly owns 246,629 shares of the company’s stock, valued at $152,909.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 83,661 shares of company stock worth $51,716.
An institutional investor recently raised its position in Pedevco Corp stock. Geneva Advisors LLC boosted its position in shares of Pedevco Corp (NYSE:PED) by 1.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,202,699 shares of the company’s stock after buying an additional 18,834 shares during the period. Geneva Advisors LLC owned approximately 21.90% of Pedevco Corp worth $110,000 at the end of the most recent quarter.
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Pedevco Corp Company Profile
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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