On November 17, The Schall Law Firm Reminds Investors of a Class Action Lawsuit against Camber Energy, Inc. Investors who bought the Company’s securities between 02.18.21 and 10.04.21, inclusive, must contact the firm before December 28, 2021. Every investor should contact the Schall Law firm and call 310-301-3335. Brian Schall will help guide the investors to go through any difficult or concerning cases that might occur. CEI stock rose 29.73% in the previous trading session, it was trading at $1.44, as of today It’s trading at $1.52, rising 5.55%.
Camber made misleading representations to the market regarding the Company’s operations and financial position. The company did not provide information that if it acquired Viking, it would harm financial stability. And it was because of this that the institutional investor sold his shares. Camber Energy, Inc. acquires, develops, and sells crude oil and natural gas in the Texas Gulf Coast area. As of March 31, 2020, it had proved reserves of approximately 133,000 barrels of oil equivalent, 43,955 barrels of natural gas, and 207,823 barrels of NGLs. The company was renamed Camber in 2017, as before it was called Lucas Energy Inc.