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CEI Stock: What Meme Investors Are Saying as Camber Energy Climbs Higher Today

Camber Energy (NYSEAMERICAN:CEI) stock is getting a boost on Wednesday after ESG Clean Energy came to the company’s defense.

Man squeezing water out of a rag representing CEI Stock.

Source: Alextype/Shutterstock.com

ESG Clean Energy put out a statement addressing a recent report made by Kerrisdale Capital. The response letter takes the short report to task and claims that Kerrisdale Capital may still hold a position in CEI stock.

A portion of the response letter covering Camber Energy’s tech reads as follows.

“KC seeks to downplay the size of the potential market for the technology, but Canada’s carbon tax at $40 per metric ton is the highest in the western hemisphere, and it is expected to increase to $170 per ton by 2030.”

So what do holders of CEI stock have to say about today’s news? Let’s check out the chatter below

CEI Stock Twitter Talk

With the extra attention on CEI stock today, it’s not too surprising that shares are seeing strong trading. As of this writing, more than 146 million shares of the stock have changed hands. That’s well on the way to the company’s daily average trading volume of 203 million shares.

CEI stock is up 21.6% as of Wednesday morning and is up 37.8% since the start of the year.

Investors looking for more hot stock news today are in luck!

We’ve got all the latest stock happenings that traders need to know about today. That includes the most recent Lucid Group (NASDAQ:LCID) predictions, what’s happening with Tattooed Chef (NASDAQ:TTCF), as well as the news sending Mullen Automotive (NASDAQ:MULN) stock higher. You can get all that data from the following links!

More Stock Market News for Wednesday

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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Read More:Penny Stocks — How to Profit Without Getting Scammed

Article printed from InvestorPlace Media, https://investorplace.com/2021/11/cei-stock-what-meme-investors-are-saying-as-camber-energy-climbs-higher-today/.

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