VKIN Improves Income from Operations 1,561% in First Nine Months of 2021 over 2020
Last Friday was especially “good” for Viking Energy Group, Inc. (OTCMKTS: VKIN) investors. After several weeks of anticipation, the company filed its 2021 third quarter 10Q/A with the SEC. The market was closed Friday, meaning Monday will be the first day the market will have to react to this positive news. Start your research now, before Monday’s open.
VKIN 2021 Third Quarter Highlights
For the nine months ending September 30th, 2021, VKIN recorded:
- $124.8 Million in assets a 7.8% increase over the same period in 2020.
- $3.9 Million of income from operations a 1,561% increase over the same period in 2021
- $26.9 Million of operating expenses an improvement over the same period in 2020 $31.7 Million for the same period, which contributed to the company’s improved income from operations
- Earnings per share ($0.38) improved over 2020 ($1.68)
The company will most likely release more details in a press release this week, potentially this morning. These improved fundamentals could be a major catalyst for VKIN’s already bullish technical momentum.
VKIN TECHNICALS INDICATE ‘BUY’
Viking Energy Group (OTCMKTS:VKIN) was up 22.87% last week and is up 25.67% this year. The diversified green energy company is up 45.51% over the past 12 months.
There are several reasons to believe VKIN could move closer to its 52-week high ($3.78) in the near term.
Barchart.com ranks Viking Energy (OTCMKTS:VKIN) as a ‘Buy’.
Bullish indicators for VKIN include:
- 20 Day Moving Average
- 20-50 Day MACD Oscillator
- 20-100 Day MACD Oscillator
- 50 Moving Average
- 50-100 Day MACD Oscillator
- 100 Day Moving Average
- 150 Day Moving Average
- 200 Day Moving Average
Make sure to start your research immediately on Viking Energy Group (OTCMKTS:VKIN).
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