Camber Energy (CEI) Stock Jumps: What’s The Company’s Current Position?

Today, Camber Energy stock has increased by 6.56% in the pre-market and is worth $1.46. By the end of last month, the stock’s performance had increased significantly in price. On September 29, the stock jumped to $4.3100 and reached its maximum. During its last trading session, the company’s stock fell by 3.52% and closed at $1.3700. Currently, on behalf of Camber Energy investors, Pomerants LLP is investigating the allegations.

Camber and/or some of its officers and/or directors are under investigation to find out whether they engaged in securities fraud or other illegal business practices. On October 5, 2021, Kerrisdale Capital published a report stating that the company “has not submitted financial statements to the SEC since September 2020 and is in danger of delisting its shares next month.” According to the report, Camber has only one legitimate asset: 73% of the shares of an over-the-counter corporation with a negative book value. Pomerantz Firm is considered one of the best in the field of antimonopoly legislation, securities, and corporate litigation.