Camber Energy Inc (CEI) Stock Surges 35% in a Week: But Why?

In recent days the Camber Energy Inc (NYSEAMERICAN:CEI) stock has been one of the more notable movers in the markets and perhaps it is now the right time for investors to take a look into it.

Yesterday, the Camber Energy stock was on the move and managed to clock gains of 11% to takes its cumulative gains for the past week to as much as 35%. The stock has shown excellent momentum in the past few days of trading and it is likely to come on to the radars of many new investors today.

The rally in the stock was triggered by the announcement from the company about the Exclusive Intellectual Property License Agreement that was signed between Viking Energy Group and ESG Clean Energy.

Viking Energy is a subsidiary of Camber Energy, in which the company holds a majority stake. In this context, it is also necessary to point out that the licensing agreement is exclusive for the entirety of Canada. On the other hand, it is non-exclusive for as many as 25 locations in the United States. In light of the rally in the stock, it might be the right time for investors to start tracking the Camber Energy stock closely.