Vivakor (NASDAQ:VIVK) Issues Earnings Results

Vivakor (NASDAQ:VIVK) released its quarterly earnings results on Tuesday. The company reported ($0.24) earnings per share for the quarter, Zacks reports. Vivakor had a negative net margin of 17.30% and a negative return on equity of 66.05%.

Vivakor Price Performance

Vivakor stock traded down $0.07 during mid-day trading on Tuesday, hitting $0.78. 34,197 shares of the company traded hands, compared to its average volume of 60,160. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.09 and a current ratio of 0.10. Vivakor has a one year low of $0.55 and a one year high of $3.45. The stock has a market cap of $31.86 million, a price-to-earnings ratio of -1.81 and a beta of 1.10. The stock has a fifty day moving average price of $0.83 and a 200-day moving average price of $1.17.

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.