Vivakor, Inc. (NASDAQ:VIVK) CEO James H. Ballengee Purchases 47,500 Shares

Vivakor, Inc. (NASDAQ:VIVK) CEO James H. Ballengee bought 47,500 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were bought at an average cost of $1.59 per share, for a total transaction of $75,525.00. Following the transaction, the chief executive officer now directly owns 1,293,672 shares in the company, valued at approximately $2,056,938.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vivakor Trading Up 3.8 %

Shares of VIVK stock opened at $1.35 on Friday. The stock’s 50-day moving average is $0.93 and its 200 day moving average is $0.91. Vivakor, Inc. has a 1-year low of $0.44 and a 1-year high of $1.84. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.74.

Vivakor (NASDAQ:VIVK) last issued its quarterly earnings data on Tuesday, April 16th. The company reported ($0.18) earnings per share (EPS) for the quarter. The firm 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%.

About Vivakor

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.