James H. Ballengee Acquires 47,500 Shares of Vivakor, Inc. (NASDAQ:VIVK) Stock

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

Vivakor Stock Performance

NASDAQ:VIVK opened at $1.35 on Friday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.74. Vivakor, Inc. has a 12-month low of $0.44 and a 12-month high of $1.84. The stock has a 50-day moving average price of $0.93 and a 200 day moving average price of $0.91.

Vivakor (NASDAQ:VIVK) last released 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 net margin of 18.10% and a negative return on equity of 48.09%.

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.