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

Vivakor, Inc. (NASDAQ:VIVK) CEO James H. Ballengee purchased 138,000 shares of the stock in a transaction dated Monday, April 22nd. The stock was purchased at an average cost of $1.37 per share, for a total transaction of $189,060.00. Following the completion of the purchase, the chief executive officer now directly owns 1,191,672 shares of the company’s stock, valued at $1,632,590.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Vivakor Trading Up 1.4 %

Shares of VIVK stock opened at $1.50 on Thursday. Vivakor, Inc. has a fifty-two week low of $0.44 and a fifty-two week high of $1.84. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.13 and a current ratio of 0.13. The stock’s fifty day moving average is $0.91 and its two-hundred day moving average is $0.90. The firm has a market capitalization of $41.57 million, a P/E ratio of -2.68 and a beta of 1.25.

Vivakor (NASDAQ:VIVK) last posted 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 business had revenue of $13.87 million during the quarter.

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.