Dear CEI Stock Fans, Mark Your Calendars for May 20

Camber Energy (NYSEMKT:CEI) stock is on the move today and investors will want to keep an eye on the shares ahead of a major event on May 20.

Pipelines in the desert representing CEI stock.

Source: bht2000 / Shutterstock.com

Camber Energy is facing delisting from the NYSE American Exchange over compliance issues. That includes failure to timely file several forms with the U.S. Securities and Exchange Commission (SEC).

Among these are its Form 10-K for the nine-month period ended Dec. 31, 2020, 10-Q for the period ended March 31, 2021, Form 10-Q for the period ended June 30, 2021, and Form 10-Q for the period ended Sept. 30, 2021.

According to Camber Energy, it was going to file the missing forms by April 1, 2022. The company says it failed to do so due to certain circumstances. This has the SEC giving the company until May 20 to file the delayed reports.

So what happens to CEI stock if Camber Energy doesn’t file its reports? If May 20 comes and goes without a filing, the NYSE American Exchange will start the process to delist shares of CEI.

CEI stock saw a steady decline in the first half of April following this news. Then a spike occurred midway through the month that pushed the shares above $1. However, that momentum couldn’t continue as shares started to slip again in the following days.

That brings us to today, which sees shares of CEI stock up 6.6% as of Wednesday afternoon.

Investors seeking more stock market coverage for Wednesday will want to keep reading!

We’ve got all the hottest stock market news that traders need to know about today! Among that is what’s happening with shares of Cosmos Holdings (NASDAQ:COSM) stock, Tesla (NASDAQ:TSLA) stock, and Spotify (NYSE:SPOT) stock today. You can find out all about these topics at 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.

With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that  InvestorPlace.com’s writers disclose this fact and warn readers of the risks. 

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


Article printed from InvestorPlace Media, https://investorplace.com/2022/04/dear-cei-stock-fans-mark-your-calendars-for-may-20/.

©2022 InvestorPlace Media, LLC