Viking Energy Group, Inc. (OTCMKTS:VKIN) was the recipient of a significant decline in short interest in May. As of May 28th, there was short interest totalling 800 shares, a decline of 83.0% from the May 13th total of 4,700 shares. Based on an average daily trading volume, of 15,000 shares, the days-to-cover ratio is presently 0.1 days.
Shares of VKIN stock traded up $0.01 during mid-day trading on Friday, hitting $0.45. The company had a trading volume of 29,485 shares, compared to its average volume of 22,943. Viking Energy Group has a 52-week low of $0.39 and a 52-week high of $2.85. The company has a 50 day simple moving average of $0.59. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a market capitalization of $30.63 million, a P/E ratio of -0.33 and a beta of 0.30.
Viking Energy Group (OTCMKTS:VKIN) last announced its quarterly earnings results on Monday, May 3rd. The company reported ($0.05) earnings per share for the quarter. Viking Energy Group had a negative return on equity of 380.69% and a negative net margin of 153.96%. The business had revenue of $10.49 million during the quarter.
Viking Energy Group, Inc, an independent exploration and production company, engages in the acquisition and development of oil and natural gas properties in North America. The company owns oil and gas leases in Texas, Louisiana, Mississippi, and Kansas. The company was formerly known as Viking Investments Group, Inc and changed its name to Viking Energy Group, Inc in March 2017.
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