Pedevco (NYSEAMERICAN:PED) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Pedevco Corp. (NYSEAMERICAN:PED) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.59 and traded as low as $0.5113. Pedevco shares last traded at $0.5113, with a volume of 136,439 shares trading hands.

Pedevco Stock Performance

The firm has a market cap of $48.84 million, a price-to-earnings ratio of 4.65 and a beta of 0.26. The stock’s fifty day moving average is $0.55 and its two-hundred day moving average is $0.59.

Pedevco Company Profile

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.