Why Camber Energy Stock Surged Today
Shares of Camber Energy (NYSEMKT: CEI) jumped 18.4% on Tuesday, as investors on social media sites ramped up their bets on the power solutions company.
Camber's majority-owned subsidiary, Viking Energy Group, owns interests in oil and gas fields in Texas, Louisiana, and Mississippi that collectively contain more than 145 active wells. Camber is also expanding into sustainable energy solutions to diversify its business and profit from the growth of alternative fuel sources.
Its stock is up a staggering 722% since it struck a deal with ESG Clean Energy on Aug. 24 to secure an exclusive license for its patented carbon-capture system. The system uses waste heat to capture nearly all the carbon dioxide emitted from internal combustion engines. In this way, it's designed to produce clean electricity without any efficiency losses.
Source Fool.com