Camber Energy Inc. ($CEI) surges 20% after losing around half its value

Camber Energy

Camber Energy Inc. ($CEI) became one of the hottest names on wall street on Friday! The company that lost around two-thirds of its worth this week showed an enormous rise of around 20%.

On Tuesday and Wednesday this week, the oil and gas company had lost around 75% of its market value because of a report from Kerrisdale Capital. The company had called it “a defunct oil producer” establishing that the only assets with Camber Energy ($CEI) were a 73% stake in Viking Energy!

The company seems to be on a roller-coaster ride as it surged the next two days and was recorded as the hottest name on Wall Street. The oil and gas company’s stock is again the most actively traded stock today. Camber Energy Inc. had skyrocketed around 95% on Thursday and started on a good foot in premarket Friday!

It currently trades at USD 1.9250, this is in the green by +0.1450 (+8.1461%) (10:47 AM EDT)

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