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

Vivakor, Inc. (NASDAQ:VIVK) CEO James H. Ballengee acquired 138,000 shares of Vivakor stock in a transaction dated Monday, April 22nd. The stock was bought at an average price of $1.37 per share, for a total transaction of $189,060.00. Following the completion of the transaction, the chief executive officer now directly owns 1,191,672 shares of the company’s stock, valued at $1,632,590.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Vivakor Price Performance

Vivakor stock opened at $1.50 on Thursday. The firm’s 50-day moving average is $0.91 and its two-hundred day moving average is $0.90. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a market capitalization of $41.57 million, a P/E ratio of -2.68 and a beta of 1.25. Vivakor, Inc. has a 12-month low of $0.44 and a 12-month high of $1.84.

Vivakor (NASDAQ:VIVK) last issued its quarterly earnings results on Tuesday, April 16th. The company reported ($0.18) earnings per share for the quarter. The business 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%.

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.