Camber Energy Inc Touches $0.12: Is The Risk Worth It For This Price?

Camber Energy Inc (AMEX:CEI) price on Wednesday, July 10, rose 0.17% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.12.

A look at the stock’s price movement, the close in the last trading session was $0.12. Turning to its 52-week performance, $1.27 and $0.10 were the 52-week high and 52-week low respectively. Overall, CEI moved -19.85% over the past month.

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Camber Energy Inc’s market cap currently stands at around $21.15 million.

Turning to the stock’s technical picture we see that short term indicators suggest on average that CEI is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

CEI’s current price about -4.71% and -20.73% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.58, while 7-day volatility ratio is 7.00% and 8.39% in the 30-day chart. Further, Camber Energy Inc (CEI) has a beta value of -1.68, and an average true range (ATR) of 0.01.

If we refocus on Camber Energy Inc (AMEX:CEI), historical trading data shows that trading volumes averaged 9.43 million over the past 3 months. The company’s latest data on shares outstanding shows there are 175.80 million shares.

The 2.34% of Camber Energy Inc’s shares are in the hands of company insiders while institutional holders own 3.02% of the company’s shares. Current price change has pushed the stock -47.33% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CEI stock continues to rise going into the next quarter.

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