Camber Energy (CEI) Sees Large Volume Increase

Camber Energy Inc (NYSEAMERICAN:CEI) saw unusually-high trading volume on Wednesday . Approximately 18,020,600 shares traded hands during mid-day trading, an increase of 760% from the previous session’s volume of 2,095,166 shares.The stock last traded at $0.27 and had previously closed at $0.24.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC grew its position in shares of Camber Energy by 423.2% in the first quarter. Virtu Financial LLC now owns 190,707 shares of the oil and natural gas company’s stock valued at $73,000 after purchasing an additional 154,255 shares during the period. Vanguard Group Inc acquired a new stake in shares of Camber Energy in the third quarter valued at about $58,000. Bank of New York Mellon Corp acquired a new stake in shares of Camber Energy in the fourth quarter valued at about $39,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Camber Energy in the fourth quarter valued at about $27,000.

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About Camber Energy (NYSEAMERICAN:CEI)

Camber Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, and sale of crude oil, natural gas, and natural gas liquids (NGL) in Texas and Oklahoma. The company holds interests in approximately 13,000 net acres of producing fields located primarily in the Hunton formation in Lincoln, Logan and Payne, and Okfuskee Counties, in central Oklahoma; the Cline shale and upper Wolfberry shale in Glasscock County, Texas; and Hutchinson County, Texas.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

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