Pedevco Corp. (NYSEAMERICAN:PED – Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.58 and traded as low as $0.5550. Pedevco shares last traded at $0.5790, with a volume of 33,831 shares.
Pedevco Stock Up 4.3%
The business’s 50 day simple moving average is $0.54 and its 200 day simple moving average is $0.58. The company has a market capitalization of $55.31 million, a PE ratio of 5.26 and a beta of 0.26.
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.
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