James H. Ballengee Acquires 138,000 Shares of Vivakor, Inc. (NASDAQ:VIVK) Stock

Vivakor, Inc. (NASDAQ:VIVK) CEO James H. Ballengee bought 138,000 shares of Vivakor 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 owns 1,191,672 shares in the company, valued at approximately $1,632,590.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Vivakor Stock Up 3.5 %

Shares of Vivakor stock traded up $0.05 on Tuesday, reaching $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 market capitalization of $41.01 million, a price-to-earnings ratio of -2.64 and a beta of 1.25. The firm’s fifty day simple moving average is $0.90 and its two-hundred day simple moving average is $0.90. Vivakor, Inc. has a 52 week low of $0.44 and a 52 week high of $1.50. 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 posted its earnings results on Tuesday, April 16th. The company reported ($0.18) EPS for the quarter. The business 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.