PEDEVCO (NYSE:PED) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of PEDEVCO (NYSE:PED) in a note issued to investors on Tuesday. The brokerage set a “sell” rating on the stock.

PEDEVCO Trading Down 2.3 %

PED opened at $0.86 on Tuesday. PEDEVCO has a 1-year low of $0.61 and a 1-year high of $1.10. The stock has a market capitalization of $76.83 million, a PE ratio of 43.05 and a beta of 0.60. The firm has a 50-day moving average price of $0.93 and a two-hundred day moving average price of $0.93.

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.