PEDEVCO Corp. - PED Net Assets per Single Share

High WTI price volatility in the Permian Basin and drilling costs are weighing on the revenues of PEDEVCO Corp. (PED). The book value per common share trend captures the change in equity, while 15.16 indicates the current level. Results are based on production efficiency and global gas prices. A lack of debt and low-cost acreage allow the micro-cap company to compete with industry behemoths.
Summary analytical data breakdowns for PEDEVCO Corp (PED)

The absence of debt capital and ownership of low-cost assets make PEDEVCO Corp. (PED) resilient to pressure from oil behemoths, which is clearly evidenced by the calculated book value per share of 15.16. This indicator measures the residual value of net assets per share, allowing investors to assess the company's actual tangible asset base and determine the risk of overpayment as prices break out of the consolidation phase.