PEDEVCO Corp. (NYSEAMERICAN:PED – Get Free Report)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.00 and traded as high as $0.96. PEDEVCO shares last traded at $0.93, with a volume of 46,355 shares trading hands.
PEDEVCO Stock Down 3.0 %
The stock has a market cap of $80.74 million, a P/E ratio of 30.93 and a beta of 1.32.
PEDEVCO (NYSEAMERICAN:PED – Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. PEDEVCO had a return on equity of 3.71% and a net margin of 11.32%. The business had revenue of $11.81 million for the quarter, compared to the consensus estimate of $9.05 million. On average, equities analysts forecast that PEDEVCO Corp. will post 0.12 earnings per share for the current year.
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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