Camber Energy set to extend fall to 4th session

Viking Global Technologies

06/10/2021 11:46

** Shares of Camber Energy  CEI.N  drop ~12% to $1.34
premarket, set to fall for a fourth straight session
    ** CEI shares halved in value on Tuesday after a scathing
report from investment management firm Kerrisdale Capital caused
several trading volatility halts
    ** In response to the report, Camber CEO James Doris said
"our business relationships are legitimate and that we are
firmly committed to improving the organization's capitalization
and executing on our growth strategy" 
    ** About 2.2 mln shares changed hands by 6:20 a.m. ET,
making it the most actively traded stock across U.S. exchanges
    ** Stock surged as much as 900% to touch $4.84 in one month
since Aug-end on retail investor interest
    ** Stock up 66% YTD
    

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))