Insider Buying: Vivakor, Inc. (NASDAQ:VIVK) CEO Purchases 47,500 Shares of Stock

Vivakor, Inc. (NASDAQ:VIVK) CEO James H. Ballengee purchased 47,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was bought at an average cost of $1.59 per share, for a total transaction of $75,525.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,293,672 shares of the company’s stock, valued at $2,056,938.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Vivakor Stock Down 13.3 %

Shares of NASDAQ:VIVK traded down $0.20 on Thursday, reaching $1.30. 54,401 shares of the company’s stock were exchanged, compared to its average volume of 126,189. Vivakor, Inc. has a fifty-two week low of $0.44 and a fifty-two week high of $1.84. The business’s 50-day moving average is $0.91 and its two-hundred day moving average is $0.90. The company has a quick ratio of 0.13, a current 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) earnings per share for the quarter. Vivakor had a negative return on equity of 48.09% and a negative net margin of 18.10%. The firm had revenue of $13.87 million during the quarter.

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.