Camber Energy (CEI) Stock Is Climbing On Compliance News

Camber Energy CEI Stock News

Camber Energy Inc (NYSEAMERICAN: CEI) is making a run for the top in the market this morning after announcing compliance news. According to a press release issued early this morning, the company has regained compliance with all NYSE listing requirements.

As you could imagine, the news proved to excite investors. In fact, as a result of the announcement CEI is trading with gains of more than 23% in the pre-market hours this morning.

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CEI Regains NYSE Compliance

The news that Camber Energy regained compliance was issued early this morning through a press release. According to the release, the company received a notification on June 4, 2019. The notice outlined that as of June 3, 2019, the company has regained compliance with all listing standards for continued listing on the NYSE.

In particular, CEI was facing delisting as a result of low trading prices of its common stock. However, this issue has been remedied.

With CEI now in compliance with continued listing requirements, the .BC indicator will be removed from the company’s common stock and the company will be removed from the NYSE’s list of non-compliant issuers.

In a statement, Louis G. Schott, Interim CEO at CEI, had the following to offer:

We are delighted to be back in compliance with all of the NYSE American listing standards. Our re-compliance could not have been possible without the 1-for-25 reverse split which we affected in December 2018. We are looking forward to completing our previously announced combination transaction with Lineal Star Holdings and continuing to build shareholder value.

Why This News Is Important

At the end of the day, listing on a major exchange is incredibly important. After all, these types of listing open the door to investing funds that simply wouldn’t be there otherwise. Not to mention, when a stock isn’t trading on a major exchange, those who own it and want to cash out, must sell it on the over the counter market, making liquidity difficult.

With the news that Camber Energy will maintain its listing on the NYSE, investors know that their shares will remain liquid while the company will continue to have the ability to access funding through the exchange.

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Final Thoughts

Today’s news out of CEI proved to be positive, as can be seen by the gains. Nonetheless, we’ll continue to follow the story closely in hopes that the news remains positive.

What Do You Think?

Where do you think CEI is headed moving forward? Join the discussion in the comments below!

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