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Pedevco (NYSEAMERICAN:PED) Stock Price Crosses Above 50-Day Moving Average - Should You Sell?

Pedevco logo with Energy background

Key Points

  • Pedevco Corp.'s stock price surpassed its 50-day moving average of $0.66, peaking at $0.68 during trading on Monday.
  • The company's stock is currently priced at $0.66 with a market capitalization of $60.93 million and a P/E ratio of 3.49.
  • Pedevco is an oil and gas company focusing on the acquisition and production of assets primarily in the Permian and D-J Basins in the United States.
  • Interested in Pedevco? Here are five stocks we like better.

Pedevco Corp. (NYSEAMERICAN:PED - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.66 and traded as high as $0.68. Pedevco shares last traded at $0.66, with a volume of 431,885 shares.

Pedevco Stock Down 3.1%

The company has a market cap of $57.87 million, a price-to-earnings ratio of 3.32 and a beta of 0.41. The firm's fifty day simple moving average is $0.66.

About Pedevco

(Get Free Report)

PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. It holds interests in the Permian Basin asset covering an area of approximately 22,721 net acres located in New Mexico; and D-J Basin asset covering an area of approximately 19,214 net acres located in Wyoming.

Further Reading

Should You Invest $1,000 in Pedevco Right Now?

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