Vivakor (NASDAQ:VIVK) Stock Price Up 8% – Time to Buy?

Shares of Vivakor, Inc. (NASDAQ:VIVKGet Free Report) traded up 8% on Thursday . The company traded as high as $0.84 and last traded at $0.83. 173,756 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 201,033 shares. The stock had previously closed at $0.77.

Vivakor Stock Performance

The firm has a market cap of $39.40 million, a PE ratio of -0.92 and a beta of 1.03. The company has a 50-day simple moving average of $0.81 and a two-hundred day simple moving average of $0.88. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.09.

Vivakor (NASDAQ:VIVKGet Free Report) last posted its earnings results on Tuesday, May 20th. The company reported ($0.17) EPS for the quarter. Vivakor had a negative return on equity of 27.54% and a negative net margin of 25.05%. The business had revenue of $37.34 million for the quarter.

Vivakor Company Profile

(Get Free Report)

Vivakor, Inc operates, acquires, and develops technologies and assets in the oil and gas industry and related environmental solutions in the United States and Kuwait. The company owns and operates a crude oil gathering, storage, and transportation facility in Delhi, Louisiana. It also owns a crude oil storage tank located near Colorado City, Texas.

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