Camber Energy (CEI) Stock: Why It’s Climbing

Camber Energy CEI Stock News

Camber Energy Inc (NYSEAMERICAN: CEI) is making a run for the top in the market this morning, with gains of 27% following yesterday’s strong close. If you go digging, the only news that you’ll find is days old, but it’s great news and likely acts as the catalyst for the movement that we’ve seen as of late. Here’s what’s going on:

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CEI Stock Is Rocketing After Regaining Compliance

As mentioned above, Camber Energy hasn’t issued any news today, but the stock is flying. Why? Well, the answer is simple.

Two days ago, the company issued a press release announcing that it received a letter from the NYSE American. In the letter, the company was advised that it had regained compliance with all of the NYSE American’s continued li9sting standards.

The ltter came after a long run of CEI not being in compliance. Specifically, the company needed to find a way to increase the price of its common stock. However, the issue has been remedied.

Now CEI is in full compliance with all continued listing requirements. As such, the .BC indicator was removed from the stock ticker and the Company has been removed from the NYSE American list of non-compliance issuers.

Why This Is Such A Big Deal

The truth of the matter is that being listed on the NYSE American is a big deal for Camber Energy, and all copanies listed. After all, being listed on a major exchange offers access to retail investors that CEI simply wouldn’t have if it wasn’t listed.

Moreover, even institutional investors are wary of stocks that are traded OTC, or over the counter. Should the company have been delisted from the NYSE American, that’s where it would have found itself. This would have led to a tremendous reduction in investor interest, causing pain for the company.

So, with the NSYE American notifying the company that it is now in compliance with all listing requirements, CEI and its investors can breathe a sigh of relief in knowing that they will maintain access to these investment dollars.

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