Vivakor, Inc. (NASDAQ:VIVK) CEO Purchases $189,060.00 in Stock

Vivakor, Inc. (NASDAQ:VIVK) CEO James H. Ballengee purchased 138,000 shares of Vivakor stock in a transaction on Monday, April 22nd. The stock was bought at an average price of $1.37 per share, with a total value of $189,060.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,191,672 shares of the company’s stock, valued at approximately $1,632,590.64. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Vivakor Trading Up 3.5 %

NASDAQ:VIVK opened at $1.48 on Wednesday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $41.01 million, a price-to-earnings ratio of -2.64 and a beta of 1.25. The firm has a fifty day simple moving average of $0.90 and a two-hundred day simple moving average of $0.90. Vivakor, Inc. has a 12 month low of $0.44 and a 12 month high of $1.50.

Vivakor (NASDAQ:VIVK) last posted its quarterly earnings results on Tuesday, April 16th. The company reported ($0.18) EPS for the quarter. The company had revenue of $13.87 million during the quarter. Vivakor had a negative return on equity of 48.09% and a negative net margin of 18.10%.

Vivakor Company Profile

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.