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Tag: Camber Energy Inc.

  • How Did Camber Energy (CEI) Stock Rise Today?

    How Did Camber Energy (CEI) Stock Rise Today?

    Camber Energy, Inc. (NYSE: CEI) shares are ascending on the financial charts within the current market, experiencing an impressive upswing of 26.25% to reach a valuation of $0.3107.

    Notwithstanding its inclusion in the roster of most significant decliners over the preceding 12 months, registering a substantial plummet of nearly 96%, the Camber Energy stock has witnessed a remarkable resurgence, surging by over 46% throughout the course of the previous week.

    This remarkable resurgence in the valuation of CEI stock can be attributed to the recent conclusion of a distribution agreement involving its subsidiary based in the United Kingdom.

    Camber Energy (CEI) yesterday made a significant announcement regarding its majority-owned subsidiary under the umbrella of Viking Energy Group. The Viking-subsidiary Simson-Maxwell Ltd. has entered into a Manufacturer’s Representative Agreement (MRA).

    Under the terms of this agreement, Simson-Maxwell Ltd. has appointed Planeteq Limited as the exclusive distributor for Viking Ozone Technology, LLC’s proprietary ozone waste treatment systems in the United Kingdom.

    Planeteq is a UK-based company that specializes in the design of sustainable technological solutions aimed at assisting businesses in waste reduction and enhancing energy efficiency.

    Notably, Planeteq holds approval as a vendor within the National Health Service Trust (NHS), which oversees the management of approximately 1,000 hospitals across the United Kingdom.

    The decision to partner with Planeteq followed an extensive evaluation process conducted over several months, during which Planeteq meticulously examined Viking Ozone’s technology.

    This evaluation involved close collaboration with Viking Ozone’s technical team and numerous interactions with representatives from specific hospitals within the NHS network.

    Planeteq holds the firm belief that Viking’s technology represents an innovative and highly effective solution to address the prevailing waste treatment challenges faced by NHS-affiliated hospitals and private-sector entities alike. Furthermore, Planeteq expects this technology to be a crucial part of the NHS’s efforts to achieve Net Zero.

    Last week, Camber Energy (CEI) was awarded a patent from the United States Patent and Trademark Office (USPTO). This patent, titled “Electric Transmission Line Ground Fault Prevention Systems Using Dual, High Sensitivity Monitoring Devices,” has been granted to a majority-owned subsidiary of Viking Energy.

    This novel patent forms a crucial component of an extensive intellectual property portfolio held by Viking Protection Systems, LLC, as well as their collaborative partners within joint ventures.

    This portfolio has been integrated into Open Conductor Detection technologies, which have been meticulously designed to identify unsafe and hazardous conditions in electric transmission and distribution lines, irrespective of their length or voltage capacity.

  • Update on Redeemed Preferred Shares: Camber Energy, Inc. (CEI) Stock Plummeting Premarket.

    Camber Energy, Inc. (CEI) is the major provider of exclusive energy & power solutions to commercial and industrial customers as it is a growth-adapted diversified energy enterprise. Its subsidiary also holds a proprietary license for a carbon-capture system in Canada.

    CEI stock price in the regular trading on March 11, 2022, with a drop of 14.2% was $0.91. Its price further plunged by 13.82% at the last check of the premarket session of March 14, 2022.

    CEI: Events and Happenings

    On March 11, 2022, CEI reported that it redeemed 2,636 preferred stock shares on March 10. These shares were earlier issued on December 31, 2021, by the company in terms of a $100 million financing obligation from an investor. On February 17, 2022, CEI updated that its subsidiary had acquired 51% interest in units that own the intellectual rights to exclusive Electric Transmission and Distribution Open Conductor Detection Platforms. It is used for the detection of the breakage in transmission or distribution line, and timely close the power to the line.

    On February 15, 2022, CEI announced the acquisition of 51% interest in two units that possess the intellectual rights to exclusive Electric Transmission and Distribution Open Conductor Detection Platforms by its majority-owned subsidiary. The acquisition price was approximately $21 million with $5million payable in shares on closing.

    CEI: Key Financials

    On December 18, 2020, CEI released its financial report for the second quarter of 2021 ended September 30, 2020. Some important features are mentioned here.

    Revenue

    Total revenues in Q2 2021 were $0.05 million against $0.09 million for the same period of 2019.

    EPS

    Basic and diluted net loss per share in Q2 2021 was $2.05 million or $0.19 corresponding to $0.27 million or $4.4 in the same quarter of 2019.

    Conclusion

    CEI stock is 2% up year-to-date and 41% down the past six months. Its stock is plunging in Monday’s premarket session as the company updated on the redemption of its preferred shares. The management of the company stated the redemption process as providing it with optionality.

  • Camber Energy Inc. (CEI) Surges Premarket Upon the Impact of Russia-Ukraine Conflict on the Industry

    On March 07, Camber Energy Inc. (CEI) stock surge further in the premarket as the Russia-Ukraine conflict continue to impact the industry. At the last check, the stock was trading at a value of $1.05 per share in the premarket.

    In the previous trading session on Friday, the stock was able to add a good 31.94%. At a heavy volume of 187.89 million shares, the stock closed the session at a price of $0.78 per share. At the time of writing, CEI stock had increased by a further 34.62% in the premarket as 8.7 million shares exchanged hands, on Monday.

    The independent oil and natural gas company, Camber Energy Inc. is based in Houston, TX. With a market capitalization of $195 million, currently, the company has 104.2 million shares outstanding.

    What’s up with CEI?

    CEI stock has remained highly volatile over the past few weeks as the Russia-Ukraine conflict continued to impact the energy industry. The supply-chain constraints due to sanctions against the biggest oil supplier, Russia have caused a hike in energy prices. Thus, causing the stock to see sudden bursts of gains followed by profit booking and corrections.

    Source: Global Trade Review

    On Monday, early morning bbc.com reported an upsurge in the price of crude oil as it reached its highest level since 2008. As per the report, U.S. Secretary of State, Antony Blinken said that the government and its allies are discussing a possible ban on oil supplies from Russia. The worrisome situation causing a hike in energy prices has the stock markets going bonkers. While most share markets saw a downfall recently, certain energy stocks did enjoy some good gains. Among the gainers, CEI also enjoyed some nice gains on Friday and so far continued to do in today’s premarket session.

    In the past five days, the stock has added 10.01% while increasing by a good 44.44% last month.

    Company News

    Recently, the company announced the acquisition of 51% interested in certain entities by its subsidiary, Viking Energy Group, Inc. Those entities own intellectual property rights to proprietary Electric Transmission and Distribution Open Conductor Detection Systems. The fully developed, patent-pending systems detect a break in the transmission line, distributions line, or coupling failure. Furthermore, it immediately terminates the power to the line before the issue reaches the ground.

    Previously, on February 15, CEI also reported receiving an extension till April 1, 2022, from NYSE to submit its outstanding delayed financial reports.

  • Camber Energy Inc. (CEI) stock Continues to Rise Premarket. Any Reasons?

    Camber Energy Inc. (CEI) stock Continues to Rise Premarket. Any Reasons?

    On February 24, Camber Energy Inc. (CEI) stock continued to rise in the premarket while there is no official news or SEC filing. The company’s latest news date back to February 17, 2022, regarding its subsidiary’s acquisition.

    In the previous trading session, CEI stock was able to add a good 30.51% at a heavy volume of 94.64 million. CEI stock closed the session at $0.59 after fluctuating between $0.46 and $0.65. At the last check, in the premarket, the stock had added a further 45.99% on Thursday. Thus, CEI stock was trading at $0.87 apiece in the premarket, at the time of writing. Due to low before-hours volume, the current stock movement is highly volatile as its keeps fluctuating in a matter of seconds. But so far the stock seems to be enjoying good favor from investors.

    The independent oil and natural gas company, Camber Energy Inc. was founded in 2003. Currently, the company’s 104.2 million outstanding shares trade at a market capitalization of $113.75 million.

    What is Happening?

    On February 22, CEI stock suffered a downfall as it reached a low of $0.45 and closed the session just above the low at $0.46. The stock had plunged down to such a low after nearly 6 months (minus a week). While there is no official news or SEC filing, it seems the recent low price of the stock is responsible for the current uptrend. Most likely investors found the low price a good opportunity to buy the stock as the company continues to work for regaining compliance with NYSE due to its delayed financial reports. Furthermore, external factors like social media discussion and stock sentiment might also have a hand in the recent uptrend.

    Currently, CEI stock stands at a year-to-date loss of 30.14% while it subtracted a huge 60.15% last year.

    CEI Company News

    On February 15, the company announced the acquisition by its majority-owned subsidiary, Viking Energy Group Inc. Viking acquired a 51% interest in two entities that own IP rights to proprietary Electric Transmission and Distribution Open Conductor Detection Systems. The proprietary system is fully developed, pending patent, and ready for market. It is designed to detect a break in a transmission line, distribution line, or coupling failure. And to terminate the power to the line before it reaches the ground. As per February 17’s announcement, the founders of the proprietary system are recognized leaders in the energy sector.

    Moreover, CEI also announced that the NYSE has accepted its request for an extension to file its delayed financial reports. Thus, the company has until April 1, 2022, to file the reports.

  • 35 stocks making the biggest moves premarket today

    35 stocks making the biggest moves premarket today

    FuelCell Energy Inc. (FCEL) stock soared 4.75% to $10.15 in the pre-market trading. The most recent rating by JP Morgan, on November 19, 2020, is a Neutral.

    SCWorx Corp. (NASDAQ: WORX) shares are trading down -6.76% at $2.07 at the time of writing. Company’s 52-week ranged between $1.00 to $14.88.

    Nano Dimension Ltd. (NNDM) lost over -12.1% at $5.74 in pre-market trading Monday, November 30, 2020, after announcing that it has entered into definitive agreements with investors for the sale of 11,960,160 of the Company’s American Depositary Shares (“ADSs”) at a price of $5.00 per ADS pursuant to a registered direct offering.

    Moderna Inc. (MRNA) is up more than 9.38% at $138.95 in pre-market hours on Monday, November 30, 2020 after the firm today announced that the primary efficacy analysis of the Phase 3 study of mRNA-1273 conducted on 196 cases confirms the high efficacy observed at the first interim analysis. The data analysis indicates a vaccine efficacy of 94.1%. The stock had jumped over 16.35% to $127.03 in the last trading session.

    FreightCar America Inc. (NASDAQ: RAIL) shares are trading down -3.99% at $2.65 at the time of writing. Company’s 52-week ranged between $0.73 to $2.87. Analysts have a consensus price target of $4.50.

    Blink Charging Co. (BLNK), a Specialty Retail company, dropped about -3.25% at $27.09 in pre-market trading Monday. The firm recently declared that it has acquired the EV charging operator U-Go Stations, Inc. and its portfolio of 44 DCFC charging locations.

    Zomedica Corp. (ZOM), a Drug Manufacturers – Specialty & Generic company, dropped about -1.12% at $0.1324 in pre-market trading Monday.

    GameStop Corp. (GME) is up more than 4.1% at $16.74 in pre-market hours Monday November 30, 2020 after declaring 2020 cyber week deals. The stock had jumped over 9.02% to $16.08 in the last trading session. GameStop Announces 2020 Cyber Week Deals.

    Riot Blockchain Inc. (RIOT) grew over 8.64% at $6.79 in pre-market trading today.

    Verastem Inc. (VSTM) stock moved up 5.03 percent to $2.09 in the pre-market trading after reporting the initiation of a Phase 2 registration-directed clinical trial of VS-6766, its RAF/MEK inhibitor, and defactinib, its FAK inhibitor, in patients with recurrent low-grade serous ovarian cancer (LGSOC).

    Tuniu Corporation (TOUR) gained over 6.58% at $3.4 in pre-market trading on Monday, November 30, 2020. Before the trading started on November 30, 2020.

    Novavax Inc. (NVAX) is down -8.31% to reach $115.25 after providing an update on its COVID-19 vaccine program. NVX‑CoV2373 is a stable, prefusion protein antigen derived from the genetic sequence of the SARS-CoV-2 coronavirus spike (S) protein and adjuvanted with Novavax’ proprietary Matrix‑M™. It has been trading in a 52-week range of $3.65 to $189.40.

    Occidental Petroleum Corporation (NYSE: OXY) shares are trading down -2.36% at $16.17 at the time of writing. Company’s 52-week ranged between $8.52 to $47.58. Analysts have a consensus price target of $18.

    RMG Acquisition Corp. (RMG) stock soared 6.6% to $18.1 in the pre-market trading. The firm recently revealed that the close of business on Tuesday, December 1, 2020, has been set as the record date for the determination of stockholders eligible to receive the proxy and vote at the special meeting to be held to consider and approve the previously announced merger with Romeo Systems, Inc., a Delaware corporation.

    Uxin Limited (UXIN) stock soared 2.53% to $1.62 in the pre-market trading. The most recent rating by JP Morgan, on October 23, 2019, is a Neutral.

    ReneSola Ltd (NYSE: SOL) shares are trading up 8.02% at $8.08 at the time of writing. The technology company recently announced the closing of the sale of a portfolio of operating projects located in the United Kingdom to Atmosclear Investments Ltd, an European renewable energy and cleantech private equity group. Company’s 52-week ranged between $0.85 to $5.67. Analysts have a consensus price target of $22.

    Kandi Technologies Group Inc. (KNDI) tumbled over -2.28% at $13.31 in pre-market trading today after CBAK Energy and Kandi Group signed a supply framework agreement.

    Vaxart Inc. (VXRT) is up more than 4.84% at $7.37 in pre-market hours on Monday, November 30, 2020. The stock had jumped over 9.84% to $7.03 in the last trading session. Before the trading started on November 30, 2020.

    Alibaba Group Holding Limited (BABA) is down -2.3% to reach $270.13. The internet retail company has been named a leader in Gartner’s 2020 Magic Quadrant for Cloud Database Management Systems. It has been trading in a 52-week range of $169.95 to $319.32.

    EyePoint Pharmaceuticals Inc. (EYPT) stock soared 1.97% to $0.55 in the pre-market trading. The most recent rating by B. Riley FBR, on April 06, 2020, is a Neutral.

    Canaan Inc. (NASDAQ: CAN) shares are trading down -7.83% at $5.3 at the time of writing after releasing its unaudited financial results for the three months ended September 30, 2020. Company’s 52-week ranged between $1.76 to $8.69.

    Heat Biologics Inc. (NASDAQ: HTBX) shares are trading down -0.88% at $1.13 at the time of writing. Company’s 52-week ranged between $0.19 to $4.30. Analysts have a consensus price target of $4.

    Yunji Inc. (YJ), an Internet Retail company, dropped about -7.35% at $3.53 in pre-market trading Monday. The firm recently declared its unaudited financial results for the third quarter ended September 30, 2020.

    India Globalization Capital Inc. (IGC) gained over 22.63% at $2.33 in pre-market trading Monday November 30, 2020.

    Oramed Pharmaceuticals Inc. (ORMP) stock moved up 38.65 percent to $6.17 in the pre-market trading. The healthcare firm recently reported that it has screened the first patients in its global Phase 3 trials of its oral insulin capsule ORMD-0801 for the treatment of type 2 diabetes (T2D). Before the trading started on November 30, 2020.

    Schlumberger Limited (SLB) is down -2.06% to reach $21.43. It has been trading in a 52-week range of $11.87 to $41.14.

    Ocugen Inc. (OCGN) stock plunged -1.71% to $0.294 in the pre-market trading. The firm recently revealed that Dr. Shankar Musunuri, Chairman, CEO, and Co-Founder of Ocugen, will speak on “The Promise of Cell & Gene Therapies: Regulatory and Reimbursement Roadblocks” at Xconomy’s Xcelerating Life Sciences New York & Philadelphia Virtual Event on December 3 at 10:30 a.m. Before the trading started on November 30, 2020.

    Gold Fields Limited (GFI) is down -2.52% to reach $8.5. It has been trading in a 52-week range of $3.79 to $14.90. Before the trading started on November 30, 2020.

    Marathon Patent Group Inc. (MARA) is up 15.65% to reach $4.95. It has been trading in a 52-week range of $0.35 to $6.05.

    Kingsoft Cloud Holdings Limited (KC) stock soared 5.13% to $43.69 in the pre-market trading after reporting that it will be included in the MSCI China Index, effective after the U.S. market close on November 30, 2020. The most recent rating by Goldman, on June 29, 2020, is a Buy.

    NanoVibronix Inc. (NASDAQ: NAOV) shares are trading up 5.26% at $0.8 at the time of writing. Company’s 52-week ranged between $0.54 to $3.50.

    Waitr Holdings Inc. (WTRH) stock moved down -1.46 percent to $3.38 in the pre-market trading.

    Hennessy Capital Acquisition Corp. IV (HCAC) gained over 9.0% at $13.69 in pre-market trading on Monday, November 30, 2020.

    Trevena Inc. (TRVN) stock plunged -4.67% to $2.45 in the pre-market trading. The most recent rating by Guggenheim, on September 14, 2020, is a Buy.

    Suncor Energy Inc. (NYSE: SU) shares are trading down -0.58% at $17.15 at the time of writing. The firm lately publicized that it, together with the other Syncrude joint venture owners – Imperial Oil Resources Limited, CNOOC Oil Sands Canada, and Sinopec Oil Sands Partnership – have agreed in principle for Suncor to become the operator of the Syncrude project by the end of 2021. Company’s 52-week ranged between $9.60 to $34.56.