In the past month, Camber Energy (NYSEAMERICAN:CEI) has suffered immense in the markets and its stock has declined by as much as 25% amidst the selloff.
Trading Data
On Friday, CEI stock slumped 4.11% to $0.7494 with more than 13.34 million shares traded, compared to its average volume of 56.73 million shares. The stock has moved within a range of $0.7201 – 0.7696 after opening trading at $0.73.
Major Trigger
Despite the fall in the stock, it is perhaps important for investors to keep in mind that low priced stocks like Camber Energy can often make strong upward moves as well and deliver significant gains. Such stock have made strong upward moves last year and hence, it may be a good move to take a closer look at Camber Energy as well. It goes without saying that such stocks can also spiral downwards fairly quickly.
Investors who are more interested in stable stocks may not like Camber Energy at this point in time. However, anyone who might have a higher risk tolerance and is looking for a high risk stock with potentially high returns then it could well be a viable option. In this context, it ought to be noted that not too long ago, the company had closed two financing deals and that could well prove to be the boost that the company needs for further growth. It now remains to be seen if the Camber Energy stock can make a recovery.
Technical Data
CEI stock is trading below the 20-Day and 50-Day Moving averages of $0.87 and $1.05 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.96. The stock is down 28% in the past 6-month.
