Vivakor (NASDAQ:VIVK) Trading Up 3.7%

Vivakor, Inc. (NASDAQ:VIVK)’s share price shot up 3.7% during mid-day trading on Tuesday . The stock traded as high as $1.96 and last traded at $1.96. 26,057 shares were traded during trading, a decline of 74% from the average session volume of 100,303 shares. The stock had previously closed at $1.89.

Vivakor Stock Performance

The company has a 50-day simple moving average of $2.16 and a two-hundred day simple moving average of $1.49. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.90. The firm has a market cap of $57.39 million, a PE ratio of -4.00 and a beta of 1.14.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Vivakor stock. Ground Swell Capital LLC acquired a new position in Vivakor, Inc. (NASDAQ:VIVK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,525 shares of the company’s stock, valued at approximately $27,000. Hedge funds and other institutional investors own 12.31% of the company’s stock.

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.