Pedevco (NYSEAMERICAN:PED) Stock Price Passes Below 200-Day Moving Average - Time to Sell?

Key Points

• Pedevco Corp. stock price fell below its 200-day moving average of $0.62, trading as low as $0.58 before closing at $0.59.
• The company has a market cap of $53.82 million, a PE ratio of 4.18, and a beta of 0.20.
• Pedevco is an oil and gas company that focuses on the acquisition, development, and production of assets primarily in the Permian Basin and D-J Basin.

Pedevco Corp. (NYSEAMERICAN:PED - )'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.62 and traded as low as $0.58. Pedevco shares last traded at $0.59, with a volume of 32,386 shares traded.

Pedevco Price Performance

The firm has a 50-day moving average of $0.60 and a 200-day moving average of $0.62. The stock has a market cap of $53.82 million, a PE ratio of 4.18 and a beta of 0.20.

About Pedevco

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.

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