Media coverage about Pedevco Corp (NYSE:PED) has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pedevco Corp earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 44.6307227078067 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Pedevco Corp (NYSE:PED) opened at 0.6438 on Tuesday. The stock’s 50 day moving average price is $0.66 and its 200 day moving average price is $0.86. Pedevco Corp has a 12-month low of $0.51 and a 12-month high of $3.00. The firm’s market capitalization is $3.54 million.
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In other news, insider Michael L. Peterson sold 41,250 shares of the stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $0.62, for a total value of $25,575.00. Following the completion of the transaction, the insider now owns 246,629 shares of the company’s stock, valued at approximately $152,909.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 98,886 shares of company stock valued at $63,162 in the last three months.
Pedevco Corp Company Profile
PEDEVCO Corp. is an energy company, which is engaged in the acquisition, exploration, development and production of oil and natural gas shale plays in the Denver-Julesberg Basin (D-J Basin) in Colorado. The D-J Basin contains hydrocarbon bearing deposits in several formations, including the Niobrara, Codell, Greenhorn, Shannon, J-Sand and D-Sand.
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