Vivakor (NASDAQ:VIVK) Shares Up 1.9% – Here’s What Happened

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

Vivakor Stock Performance

The business’s 50-day moving average price is $0.91 and its 200-day moving average price is $1.26. The stock has a market cap of $37.65 million, a P/E 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.

Hedge Funds Weigh In On Vivakor

A hedge fund recently bought a new stake in Vivakor stock. Y Intercept Hong Kong Ltd acquired a new stake in shares of Vivakor, Inc. (NASDAQ:VIVK) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 30,881 shares of the company’s stock, valued at approximately $48,000. Y Intercept Hong Kong Ltd owned approximately 0.11% of Vivakor as of its most recent filing with the Securities & Exchange Commission. 12.31% of the stock is currently owned by institutional investors.

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.