Camber Energy Inc (AMEX:CEI) shares are trading higher on abnormally high volume Wednesday amid increased retail investor attention. Here's what you need to know.
What's Going On: Camber Energy's average session volume is about 723,000. Wednesday's trading volume has already exceeded 17 million at the time of writing, according to Benzinga Pro.
Camber Energy shares are down more than 94% over the last year and more than 40% in just the last three months.
Last month, Camber Energy announced that NYSE American accepted the company's business plan to regain compliance with the exchange's continued listing requirements. However, shares continued to trend lower.
The stock is seeing increased message volume across social media platforms like Twitter and Stocktwits this week. CEI is overwhelmingly popular among Twitter's "FinTwit" community. The stock was allegedly "pumped" by several traders on the platform toward the end of last year.
In December, the SEC brought charges against eight individuals in a $100 million securities fraud scheme in which they used Twitter to manipulate stock prices. Camber Energy was among the stocks that were heavily touted by the individuals.
Check This Out From Last Year: What's Going On With Camber Energy's Stock Today?
Camber Energy is a growth-oriented diversified energy company. The company provides custom energy and power solutions to commercial and industrial clients in North America and owns interests in oil and natural gas assets in the United States.
CEI Price Action: Camber Energy shares were up 53.2% at $1.05 at the time of publication, according to Benzinga Pro.
Photo: Lorenzo Cafaro from Pixabay.
