Camber Energy (OTCMKTS:CEIN) Issues Earnings Results

Camber Energy (OTCMKTS:CEIN) released its quarterly earnings data on Wednesday. The company reported ($0.02) earnings per share for the quarter, Zacks reports.

Camber Energy Stock Up 6.8%

OTCMKTS CEIN traded up $0.00 during trading hours on Friday, hitting $0.04. 330,249 shares of the company were exchanged, compared to its average volume of 1,236,591. The firm has a market cap of $11.16 million, a price-to-earnings ratio of -0.29 and a beta of -1.90. The company has a 50 day moving average of $0.04 and a two-hundred day moving average of $0.03. Camber Energy has a 52-week low of $0.01 and a 52-week high of $0.08.

About Camber Energy

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 the Cline shale and upper Wolfberry shale in Glasscock County, Texas. As of March 31, 2020, its total estimated proved reserves were 133,442 million barrels of oil equivalent comprising 54,850 barrels of crude oil reserves, 43,955 barrels of NGL reserves, and 207,823 million cubic feet of natural gas reserves.