Pedevco (NYSEAMERICAN:PED) Share Price Crosses Above 50 Day Moving Average - Time to Sell?

Key Points

• Pedevco's share price crossed above its 50‑day moving average, trading as high as $0.85 and last at $0.7673 on volume of about 2.3 million shares while the 50‑day MA is $0.60.
• Valuation and volatility: the company has a market capitalization of $73.29 million, a trailing P/E of 6.98 and a beta of 0.37, with a 200‑day moving average of $0.58.
• Company focus: Pedevco is an independent oil & gas exploration and production firm operating primarily in Trinidad and Tobago, centered on the O‑55 shallow water block and onshore Block 3(a).

Pedevco Corp. (NYSEAMERICAN:PED - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.60 and traded as high as $0.85. Pedevco shares last traded at $0.7673, with a volume of 2,303,378 shares changing hands.

Pedevco Price Performance

The stock has a 50-day moving average price of $0.60 and a 200-day moving average price of $0.58. The firm has a market capitalization of $73.29 million, a PE ratio of 6.98 and a beta of 0.37.

About Pedevco

Pedevco Corp is an independent oil and gas exploration and production company incorporated in Delaware and listed on the NYSE American under the ticker symbol PED. The firm focuses on acquiring, developing and producing hydrocarbon assets, with a strategic emphasis on shallow water and onshore properties in Trinidad and Tobago. Since its listing, Pedevco has pursued opportunities to expand reserves through targeted exploration and development projects in one of the Caribbean's most prolific hydrocarbon-producing regions.

The company's portfolio centers on two primary concession areas in Trinidad and Tobago: the O-55 shallow water offshore block and the onshore Block 3(a) license.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.