James H. Ballengee Purchases 15,139 Shares of Vivakor, Inc. (NASDAQ:VIVK) Stock

Vivakor, Inc. (NASDAQ:VIVK) CEO James H. Ballengee bought 15,139 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were purchased at an average price of $1.52 per share, with a total value of $23,011.28. Following the transaction, the chief executive officer now directly owns 11,912,316 shares in the company, valued at $18,106,720.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Vivakor Price Performance

Shares of Vivakor stock traded down $0.16 during mid-day trading on Tuesday, reaching $1.89. 57,440 shares of the stock were exchanged, compared to its average volume of 103,086. The company has a market cap of $52.37 million, a price-to-earnings ratio of -4.41 and a beta of 1.14. The company has a current ratio of 0.16, a quick ratio of 0.15 and a debt-to-equity ratio of 0.84. The firm has a 50-day simple moving average of $2.07 and a 200 day simple moving average of $1.38. Vivakor, Inc. has a fifty-two week low of $0.44 and a fifty-two week high of $3.45.

Vivakor (NASDAQ:VIVK) last posted its quarterly earnings data on Monday, May 20th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $16.02 million during the quarter. Vivakor had a negative net margin of 16.87% and a negative return on equity of 50.06%.

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.