Vivakor (NASDAQ:VIVK) Trading 1.9% Higher – Should You Buy?

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

Vivakor Stock Up 1.9 %

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

Institutional Investors Weigh In On Vivakor

A hedge fund recently bought a new stake in Vivakor stock. Y Intercept Hong Kong Ltd purchased a new position in Vivakor, Inc. (NASDAQ:VIVK) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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. 12.31% of the stock is owned by institutional investors and hedge funds.

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.