Insider Buying: Vivakor, Inc. (NASDAQ:VIVK) CEO Acquires $75,525.00 in Stock

Vivakor, Inc. (NASDAQ:VIVK) CEO James H. Ballengee purchased 47,500 shares of Vivakor stock in a transaction that occurred on Wednesday, April 24th. The shares were purchased 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 of the company’s stock, valued at $2,056,938.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Vivakor Price Performance

Shares of VIVK opened at $1.35 on Friday. The business’s fifty day simple moving average is $0.93 and its two-hundred day simple moving average is $0.91. Vivakor, Inc. has a 12 month low of $0.44 and a 12 month high of $1.84. 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 released its quarterly earnings data on Tuesday, April 16th. The company reported ($0.18) EPS for the quarter. Vivakor had a negative net margin of 18.10% and a negative return on equity of 48.09%. The business 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.