Insider Buying: Vivakor, Inc. (NASDAQ:VIVK) CEO Buys 30,000 Shares of Stock

Vivakor, Inc. (NASDAQ:VIVK) CEO James H. Ballengee bought 30,000 shares of the firm’s stock in a transaction dated Friday, April 19th. The shares were bought at an average price of $1.12 per share, with a total value of $33,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,053,672 shares in the company, valued at approximately $1,180,112.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Vivakor Stock Up 3.5 %

Shares of VIVK traded up $0.05 on Tuesday, hitting $1.48. The company’s stock had a trading volume of 217,576 shares, compared to its average volume of 123,668. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.74. The firm’s fifty day moving average price is $0.90 and its 200-day moving average price is $0.90. Vivakor, Inc. has a fifty-two week low of $0.44 and a fifty-two week high of $1.50. The firm has a market capitalization of $41.01 million, a price-to-earnings ratio of -2.64 and a beta of 1.25.

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. Vivakor had a negative net margin of 18.10% and a negative return on equity of 48.09%. The business had revenue of $13.87 million during 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.