The effective date of the Release was December 15, 2017. It also includes material acquisitions of leasehold or production in new areas. And CEI's 26.65x trailing-12-month Price/Sales is 1,770% higher than the 1.43x industry average. Texas Energy Going Solar Brings GOP Backlash - Bloomberg The Camber Energy stock price may drop from Camber Energy Is Going Nowhere Fast | Markets Insider Moreover, extinguishing the $18.9 million of debt improves the equity position of both companies. Always do your own research and make your own investment decisions. The goal is to re-meet the initial listing standards of the NYSE American. For over five years, we have provided a free service to a countless number of traders featuring only the best in the microcap arena. On September 4, 2020, Camber filed with the SEC, an amended Registration Statement on Form S-4, including a preliminary joint proxy statement relating to the planned merger, which addressed SEC comments that Camber had received on the original Form S-4 which was filed on June 4, 2020. Although an exclusive IP license agreement between its majority-owned subsidiary, Viking Energy Group, Inc., and ESG Clean Energy, LLC, for patenting a carbon capture system should bode well for the stock, several law firms have been investigating its subsidiary for alleged breaches of fiduciary duty and other violations of law. Viking also holds an exclusive license in Canada to a patented carbon-capture system. This article is not a solicitation or recommendation to buy, sell, or hold securities. Contact InformationInvestors and Media:Tel. Furthermore, the company's poor cash balance and negative profit margin are not in sync with its stock's current valuation. Energy The company was formerly known as Lucas Energy. We are not receiving compensation for it. Of the company's floating shares,14.3% have been sold short. Will Camber Energy Inc stock price fall? Data from Fintel.io shows short interest in Camber Energy stock jumped to 24.4 million shares from 6.1 million shares in September, giving the company a 23.5% Reproduction in whole or in part, in any form or medium without express written permission is prohibited.
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