Vivakor, Inc. (NASDAQ:VIVK) CEO Purchases $75,525.00 in Stock

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

Vivakor Stock Down 13.3 %

Shares of VIVK stock opened at $1.30 on Friday. 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 firm’s 50 day moving average is $0.92 and its 200 day moving average is $0.90. Vivakor, Inc. has a 12 month low of $0.44 and a 12 month high of $1.84.

Vivakor (NASDAQ:VIVK) last posted its earnings results on Tuesday, April 16th. The company reported ($0.18) earnings per share (EPS) 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 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.