Camber Energy (CEI) Stock: Why Investors Are So Excited

Camber Energy CEI Stock News

Working Capital And Cash

In the filing CEI provided information with regard to the assets, liabilities, and working capital of Lineal. According to the filing, the company’s current assets come to a total of $4.1 million. At the same time, the company’s liabilities came to a total of $4.1 million as of March 31, 2019.

This means that there’s about $2.8 million in working capital for the company to operate with. Moreover, the company said that about $0.3 million of this capital is held in cash.

Also, CEI said that beyond its working capital, it had $0.8 million of excess availability on its demand note payable with a preferred stockholder.

Importantly, CEI said that Lineal Star generated an operating loss of $1.4 million from July 29, 2018 through March 31, 2019. Based on all of the above, management at Camber believes that it has sufficient cash to fund operations for over a year from the date of filing the financial statements.

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