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

Vivakor, Inc. (NASDAQ:VIVK) CEO James H. Ballengee acquired 138,000 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was acquired at an average cost of $1.37 per share, with a total value of $189,060.00. Following the acquisition, the chief executive officer now directly owns 1,191,672 shares in the company, valued at $1,632,590.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Vivakor Stock Performance

Shares of Vivakor stock opened at $1.30 on Friday. The company has a 50 day moving average of $0.92 and a 200-day moving average of $0.90. Vivakor, Inc. has a 1-year low of $0.44 and a 1-year high of $1.84. 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 company has a market cap of $36.02 million, a PE ratio of -2.32 and a beta of 1.25.

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

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.