Vivakor (NASDAQ:VIVK) Releases Quarterly Earnings Results

Vivakor (NASDAQ:VIVK) issued its earnings results on Tuesday. The company reported ($0.24) earnings per share for the quarter, Zacks reports. Vivakor had a negative return on equity of 66.05% and a negative net margin of 17.30%.

Vivakor Price Performance

NASDAQ VIVK traded down $0.07 during trading on Tuesday, hitting $0.78. 34,197 shares of the stock traded hands, compared to its average volume of 60,160. The company has a market capitalization of $31.86 million, a P/E ratio of -1.81 and a beta of 1.10. Vivakor has a 12-month low of $0.55 and a 12-month high of $3.45. The firm has a 50-day simple moving average of $0.83 and a 200-day simple moving average of $1.17. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.44.

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.