Vivakor (NASDAQ:VIVK) Posts Quarterly Earnings Results

Vivakor (NASDAQ:VIVK) announced its earnings results on Tuesday. The company reported ($0.24) earnings per share (EPS) for the quarter, Zacks reports. Vivakor had a negative net margin of 17.30% and a negative return on equity of 66.05%.

Vivakor Stock Performance

VIVK opened at $0.78 on Wednesday. The firm’s fifty day simple moving average is $0.83 and its two-hundred day simple moving average is $1.17. Vivakor has a 52-week low of $0.55 and a 52-week high of $3.45. The company has a market cap of $31.86 million, a price-to-earnings ratio of -1.81 and a beta of 1.10. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.44.

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.