Vivakor (NASDAQ:VIVK) Trading 1.9% Higher – Here’s What Happened

Vivakor, Inc. (NASDAQ:VIVK)’s share price was up 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 Stock Performance

The company has a market cap of $38.02 million, a price-to-earnings ratio of -2.16 and a beta of 1.09. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.10 and a quick ratio of 0.09. The firm has a fifty day simple moving average of $0.91 and a 200 day simple moving average of $1.27.

Institutional Trading of Vivakor

An institutional investor recently bought a new position in Vivakor stock. Y Intercept Hong Kong Ltd bought a new position in shares of Vivakor, Inc. (NASDAQ:VIVK) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 30,881 shares of the company’s stock, valued at approximately $48,000. Y Intercept Hong Kong Ltd owned about 0.11% of Vivakor at the end of the most recent reporting period. Institutional investors and hedge funds 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.