Insider Buying: Vivakor, Inc. (NASDAQ:VIVK) CEO Acquires 138,000 Shares of Stock

Vivakor, Inc. (NASDAQ:VIVK) CEO James H. Ballengee acquired 138,000 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were purchased at an average cost of $1.37 per share, with a total value of $189,060.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,191,672 shares in the company, valued at approximately $1,632,590.64. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Vivakor Trading Up 3.5 %

NASDAQ:VIVK traded up $0.05 on Tuesday, hitting $1.48. 217,576 shares of the stock were exchanged, compared to its average volume of 123,668. The stock has a market capitalization of $41.01 million, a price-to-earnings ratio of -2.64 and a beta of 1.25. Vivakor, Inc. has a 52 week low of $0.44 and a 52 week high of $1.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.13 and a current ratio of 0.13. The company’s 50-day moving average price is $0.90 and its 200 day moving average price is $0.90.

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

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.