PED - Shares of Pedevco Corp. (PED) Rise to a New 52-Week High
Pedevco Corp. (NYSE American:PED) traded at a new 52-week high today of $2.44. So far today approximately 6.4 million shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.
PEDEVCO Corp is an energy company. It 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. Its principal operating properties are located in the Wattenberg, Wattenberg Extension and Niobrara formation in the D-J Basin.
Over the past year, Pedevco Corp. has traded in a range of $0.93 to $2.44 and is now at $2.16, 132% above that low.
Pedevco Corp. (NYSE American:PED) has potential upside of 4.2% based on a current price of $2.16 and analysts' consensus price target of $2.25.
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