India, July 24 -- Vivakor, Inc. (VIVK) shares surged $0.97, or 45.75 percent, to $3.09 on Friday, after the company announced two new recurring physical crude oil commercial programs expected to generate approximately $384 million in annualized commercial activity.
The stock opened at $3.60 and traded between $2.65 and $3.92 during the session on the Nasdaq. It has traded in a 52-week range of $1.45 to $5,029.0137. Trading volume reached 74.89 million shares, compared with an average daily volume of 3.10 million shares.
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The new agreements, covering recurring crude oil purchase and sale transactions at the Cushing and Midland terminals, expand Vivakor's a...