Camber Energy Inc (NYSEAMERICAN: CEI) is having a great trading session in the market today, and for good reason. The company announced the closing of a key asset acquisition, leading to excitement among investors and sending the stock on a run for the top. Today, we’ll talk about the asset acquisition, what we’re seeing from CEI, and what we’ll be watching for ahead.
CEI Climbs On Asset Acquisition
As mentioned above, Camber Energy is having an incredibly strong day in the market today, and for good reason. The copany announced that it has closed a key acquisition in Oklahoma. In the release, issued early this morning, CEI said that the acquisition included approximately 3,000 leasehold acres at a price of $210,000.