Vivakor (NASDAQ:VIVK) Trading 1.9% Higher – What’s Next?

Shares of Vivakor, Inc. (NASDAQ:VIVK) rose 1.9% during mid-day trading on Monday . The company traded as high as $1.01 and last traded at $0.93. Approximately 50,945 shares were traded during trading, a decline of 31% from the average daily volume of 74,190 shares. The stock had previously closed at $0.91.

Vivakor Price Performance

The business has a 50 day simple moving average of $0.91 and a 200-day simple moving average of $1.26. The firm has a market cap of $37.65 million, a price-to-earnings ratio of -2.13 and a beta of 1.09. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.09 and a current ratio of 0.10.

Institutional Trading of Vivakor

An institutional investor recently bought a new position in Vivakor stock. Y Intercept Hong Kong Ltd bought a new stake in shares of Vivakor, Inc. (NASDAQ:VIVK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 30,881 shares of the company’s stock, valued at approximately $48,000. Y Intercept Hong Kong Ltd owned approximately 0.11% of Vivakor at the end of the most recent quarter. 12.31% of the stock is owned by hedge funds and other institutional investors.

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.