Shares of PEDEVCO Corp. (NYSEAMERICAN:PED) rose 13.8% during trading on Thursday . The stock traded as high as $0.41 and last traded at $0.33. Approximately 1,728,700 shares changed hands during mid-day trading, an increase of 1,364% from the average daily volume of 118,096 shares. The stock had previously closed at $0.29.

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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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