Vivakor, Inc. (NASDAQ:VIVK) CEO James H. Ballengee Purchases 30,000 Shares

Vivakor, Inc. (NASDAQ:VIVK) CEO James H. Ballengee purchased 30,000 shares of the stock in a transaction dated Friday, April 19th. The shares were bought at an average price of $1.12 per share, with a total value of $33,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,053,672 shares of the company’s stock, valued at approximately $1,180,112.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Vivakor Stock Up 3.5 %

Shares of NASDAQ:VIVK opened at $1.48 on Wednesday. The company has a fifty day moving average of $0.90 and a 200-day moving average of $0.90. 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, Inc. has a 52-week low of $0.44 and a 52-week high of $1.50.

Vivakor (NASDAQ:VIVK) last posted its quarterly earnings data on Tuesday, April 16th. The company reported ($0.18) earnings per share for the quarter. The company had revenue of $13.87 million during the quarter. Vivakor had a negative net margin of 18.10% and a negative return on equity of 48.09%.

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.