Pedevco Corp (PED) Files Form 4 Insider Selling : Moore Clark Sells 253,950 Shares

Pedevco Corp (PED): Moore Clark , Executive Vice President of Pedevco Corp sold 253,950 shares on Jul 5, 2016. The Insider selling transaction was reported by the company on Jul 11, 2016 to the Securities and Exchange Commission. The shares were sold at $0.19 per share for a total value of $38,373.05 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 11, 2016, Michael L Peterson (President and CEO) sold 168,565 shares at $0.24 per share price.On Jul 5, 2016, Gregory L Overholtzer (Chief Financial Officer) sold 26,000 shares at $0.24 per share price.Also, On Apr 10, 2015, Frank C Ingriselli (CEO) purchased 20,000 shares at $0.53 per share price.On Apr 3, 2015, Moore Clark (Executive Vice President) sold 35,000 shares at $0.60 per share price.

Pedevco Corp: On Friday, Jul 8, 2016 heightened volatility was witnessed in Pedevco Corp which led to swings in the share price. The shares opened for trading at $0.255 and hit $0.2701 on the upside , eventually ending the session at $0.2564, with a gain of 6.43% or 0.0155 points. The heightened volatility saw the trading volume jump to 2,61,067 shares. The 52-week high of the share price is $0.48 and the company has a market cap of $13 M . The 52-week low of the share price is at $0.1001.

Pedevco Corp Money Flow Index Chart

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 which contains hydrocarbon bearing deposits in several formations including the Niobrara Codell Greenhorn Shannon J-Sand and D-Sand. The Company held approximately 14985 net D-J Basin acres located in Weld and Morgan Counties Colorado consisted of approximately 14013 net acres in the Wattenberg and Wattenberg Extension areas of the D-J Basin. The Company’s wholly owned subsidiary Red Hawk Petroleum LLC (Red Hawk) has interests in wells in its D-J Basin Asset of which 14 gross (6.3 net) wells are operated by Red Hawk. The Company’s operations are located in the Niobrara Shale play in the Denver-Julesburg Basin (the DJ Basin) in Weld and Morgan Counties Colorado and the Mississippian Lime play in Comanche Harper Barber and Kiowa Counties Kansas.

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