James H. Ballengee Acquires 30,000 Shares of Vivakor, Inc. (NASDAQ:VIVK) Stock

Vivakor, Inc. (NASDAQ:VIVK) CEO James H. Ballengee bought 30,000 shares of Vivakor stock in a transaction on Friday, April 19th. The shares were purchased at an average cost of $1.12 per share, for a total transaction of $33,600.00. Following the completion of the purchase, the chief executive officer now directly owns 1,053,672 shares of the company’s stock, valued at $1,180,112.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Vivakor Stock Up 1.4 %

Shares of VIVK stock opened at $1.50 on Thursday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.74. The firm’s 50-day moving average is $0.91 and its two-hundred 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 issued its earnings results on Tuesday, April 16th. The company reported ($0.18) 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 for 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.