Vivakor, Inc. (NASDAQ:VIVK) CEO James H. Ballengee Purchases 138,000 Shares

Vivakor, Inc. (NASDAQ:VIVK) CEO James H. Ballengee bought 138,000 shares of the stock in a transaction on Monday, April 22nd. The shares were 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 directly owns 1,191,672 shares in the company, valued at approximately $1,632,590.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Vivakor Trading Up 3.5 %

Shares of NASDAQ VIVK opened at $1.48 on Wednesday. The company’s fifty day moving average is $0.90 and its 200-day moving average is $0.90. The stock has a market cap of $41.01 million, a price-to-earnings ratio of -2.64 and a beta of 1.25. Vivakor, Inc. has a twelve month low of $0.44 and a twelve month 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 announced its quarterly earnings results on Tuesday, April 16th. The company reported ($0.18) earnings per share for the quarter. The firm had revenue of $13.87 million for 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.