Vivakor (NASDAQ:VIVK) Trading Down 4.4%

Shares of Vivakor, Inc. (NASDAQ:VIVK) dropped 4.4% on Wednesday . The stock traded as low as $1.72 and last traded at $1.73. Approximately 68,224 shares changed hands during mid-day trading, an increase of 104% from the average daily volume of 33,523 shares. The stock had previously closed at $1.81.

Vivakor Stock Down 4.4 %

The company has a current ratio of 0.16, a quick ratio of 0.15 and a debt-to-equity ratio of 0.84. The stock has a market cap of $47.94 million, a price-to-earnings ratio of -3.53 and a beta of 1.06. The firm’s 50 day moving average is $1.35 and its two-hundred day moving average is $1.08.

Vivakor (NASDAQ:VIVK) last posted its quarterly earnings results on Monday, May 20th. The company reported ($0.07) EPS for the quarter. Vivakor had a negative net margin of 16.87% and a negative return on equity of 50.06%. The business had revenue of $16.02 million during the quarter.

Insider Transactions at Vivakor

In related news, CEO James H. Ballengee purchased 30,000 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was purchased at an average price of $1.12 per share, for a total transaction of $33,600.00. Following the acquisition, the chief executive officer now directly owns 1,053,672 shares in the company, valued at $1,180,112.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Vivakor news, CEO James H. Ballengee bought 47,500 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were bought at an average cost 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 in the company, valued at approximately $2,056,938.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James H. Ballengee purchased 30,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,053,672 shares in the company, valued at approximately $1,180,112.64. The disclosure for this purchase can be found here. In the last quarter, insiders bought 261,521 shares of company stock worth $358,774. 42.49% of the stock is currently owned by company insiders.

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.