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.

ILLEGAL ACTIVITY WARNING: This news story was posted by Daily Political and is the property of of Daily Political. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.dailypolitical.com/2017/09/08/pedevco-corp-ped-sees-unusually-high-trading-volume.html.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.