Shares of the Camber Energy, Inc. (CEI) stock were rising in the Pre-market despite no specific news or announcement. CEI stock price saw a push of 6.6% to reach $0.699 a share as of this writing. The stock was green in the previous trading and went up by 30.68% at closing. The trading volume was 169,273,007 on the last check.

Camber Energy, Incorporated in 2003 is an independent natural gas and oil company based in Houston, Texas. It acquires, develops, and sells natural gas, natural gas liquids, and crude oil in Cline shale and upper Wolfberry shale in Glasscock County, Texas.

CEI stock secured Exclusive IP License for Patented Carbon Capture System:

CEI stock’s subsidiary Viking Energy Group, Inc, recently signed an Exclusive Intellectual Property License Agreement with ESG Clean Energy, LLC.  The agreement states ESG patent rights and information regarding stationary electric power generation. The ESC Clean Energy System utilizes heat and captures carbon dioxide via efficient methods. The license is exclusive and non-exclusive for all of Canada and up to 25 locations in the U.S.

The ESG clean energy system generates clean electricity from the internal combustion engine. It captures 100% emitted Carbon dioxide from the engine in an efficient manner via utilization of waste heat.

 Q2 Results of Viking Energy Group: A CEI stock’s Subsidiary:

CEI stock’s subsidiary Viking Energy Group announced second-quarter 2021 financial results on August 17, 2021, according to which

• Total revenues reached $10.69 million from $9.55 million in the same quarter of last year.
• Net loss declined from $16.56 million in Q2 2020 to $9.85 million in the second quarter of 2021.
• Stockholder’s Deficit improved $1.25 million since December 31, 2020
• Adjusted EBITDA increased to $4.29 million from $3.31 million in the same quarter of last year.

Acquisition of Majority Interest in Simson-Maxwell Ltd:

On August 09, 2021, CEI stock did announce the acquisition of majority interest (⁓ 60.5%) in Simson-Maxwell Ltd via its majority-owned subsidiary. Simson-Maxwell is playing the lead role in the manufacturing and supplying of industrial engines, power generation products, and energy solutions. The company contributes to global energy sustainability by integrating superior products with innovative technology.

Wrap Up:

So far so good for CEI stock as far as market sentiment is concerned, though there is no certain news attributable to this rise. CEI stock has gained almost 46% in the last thirty days however, it has declined 33% since the beginning of this year.