PEDEVCO Corp. (NYSEAMERICAN:PED)’s share price traded up 6.5% on Thursday . The stock traded as high as $0.35 and last traded at $0.33. 661,614 shares traded hands during mid-day trading, an increase of 412% from the average session volume of 129,300 shares. The stock had previously closed at $0.31.

The firm has a market cap of $1.86, a price-to-earnings ratio of -0.09 and a beta of -1.95.

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PEDEVCO 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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