Vivakor, Inc. (OTCMKTS:VIVKD – Get Free Report)’s stock price shot up 61.2% on Monday . The stock traded as high as $2.27 and last traded at $2.12. 5,845 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 17,590 shares. The stock had previously closed at $1.3150.
Vivakor Price Performance
The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.13 and a current ratio of 0.13. The business’s 50 day simple moving average is $11.40 and its 200-day simple moving average is $32.49. The stock has a market capitalization of $4.92 million, a price-to-earnings ratio of -0.00 and a beta of 0.73.
Hedge Funds Weigh In On Vivakor
An institutional investor recently raised its position in Vivakor stock. Geode Capital Management LLC increased its holdings in Vivakor, Inc. (OTCMKTS:VIVKD – Free Report) by 21.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,465 shares of the company’s stock after buying an additional 35,903 shares during the quarter. Geode Capital Management LLC owned about 0.43% of Vivakor worth $162,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 12.31% of the company’s stock.
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. In addition, the company offers remediation of soil and the extraction of hydrocarbons, such as oil from properties contaminated by or laden with heavy crude oil and other hydrocarbon-based substances.
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