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Clark Moore, the Executive Vice President of PEDEVCO Corp (NYSEAMERICAN:PED), recently executed a series of stock transactions, according to a recent SEC filing. On January 23 and January 27, Moore sold a total of 175,000 shares of PEDEVCO common stock, with prices ranging from $0.7617 to $0.8551 per share. These transactions amounted to a total value of approximately $137,967. The sales come amid a significant 21% decline in the stock price over the past week, according to InvestingPro data.
In addition to the sales, Moore received 350,000 shares of restricted common stock as part of PEDEVCO's 2021 Equity Incentive Plan. These shares were granted at no cost and are subject to a vesting schedule over the next 34 months, contingent on Moore's continued service with the company. Following these transactions, Moore holds 1,080,334 directly owned shares of PEDEVCO. The company maintains strong financial health with a current ratio of 2.1 and has demonstrated solid growth with revenue increasing 19% in the last twelve months. InvestingPro subscribers can access additional insights and 7 more ProTips about PEDEVCO's financial outlook.
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