Vivakor, Inc. (OTCMKTS:VIVKD – Get Free Report)’s share price traded down 6.8% during mid-day trading on Monday . The company traded as low as $2.06 and last traded at $1.2250. Approximately 5,845 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 17,590 shares. The stock had previously closed at $1.3150.
Vivakor Stock Performance
The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $2.53 million, a price-to-earnings ratio of -0.00 and a beta of 0.73. The firm’s fifty day moving average price is $5.22 and its 200 day moving average price is $29.34.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Vivakor stock. Geode Capital Management LLC lifted its position in Vivakor, Inc. (OTCMKTS:VIVKD – Free Report) by 21.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 202,465 shares of the company’s stock after buying an additional 35,903 shares during the quarter. Geode Capital Management LLC owned approximately 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.
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. 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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