Vivakor, Inc. (NASDAQ:VIVK) CEO Acquires $189,060.00 in Stock

Vivakor, Inc. (NASDAQ:VIVK) CEO James H. Ballengee bought 138,000 shares of Vivakor stock in a transaction dated Monday, April 22nd. The shares were 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 approximately $1,632,590.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Vivakor Price Performance

Shares of VIVK stock opened at $1.30 on Friday. Vivakor, Inc. has a 1 year low of $0.44 and a 1 year high of $1.84. The firm’s 50 day moving average is $0.92 and its 200-day moving average is $0.90. The firm has a market capitalization of $36.02 million, a price-to-earnings ratio of -2.32 and a beta of 1.25. 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 (NASDAQ:VIVK) last announced its earnings results on Tuesday, April 16th. The company reported ($0.18) earnings per share (EPS) for the quarter. Vivakor had a negative return on equity of 48.09% and a negative net margin of 18.10%. The company had revenue of $13.87 million for the quarter.

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.