Camber Energy set to snap 4-day losing streak

Viking Global Technologies

07/10/2021 11:50

** Shares of Camber Energy  CEI.A  rise 36.6% at $1.24 in
premarket trading, on track to snap a 4-day losing streak 
    ** The penny stock was the second-most traded stock among
Fidelity customers on Wednesday 
    ** Co said it is not considering a reverse stock split at
this time, in a filing late on Wednes https://www.sec.gov/Archives/edgar/data/1309082/000147793221007053/cei_8k.htmday
    ** Filing comes after CEI shares shed 70% in value in the
wake of a Kerrisdale Capital's short report that claimed "the
market is badly mistaken about co's share count and ignorant of
its terrifying capital structure"
    ** Camber Energy has traded as high as $4.85 and as low as
33 cents over a 52-week period
    ** After celebrating its best month ever in Sept, CEI has
closed down in all of Oct's trading sessions
    ** Up to Wednesday's close, stock is down 1.6% YTD

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