PEDEVCO (NYSEAMERICAN:PED) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

by · The Cerbat Gem

PEDEVCO Corp. (NYSEAMERICAN:PED – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.00 and traded as high as $0.76. PEDEVCO shares last traded at $0.74, with a volume of 71,156 shares trading hands.

PEDEVCO Stock Performance

The firm has a market capitalization of $64.41 million, a price-to-earnings ratio of 24.67 and a beta of 1.32.

About PEDEVCO

(Get Free Report)

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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