Looking for ‘Green Wave’ Plays? Don’t Forget Camber Energy
Now down to around 53 cents per share, Camber Energy (NYSEAMERICAN:CEI) is back to the levels it saw before it attracted heavy attention last fall. What’s behind this continued pullback for CEI stock?
With clean energy plays now out of favor, CEI stock could be a discounted pick worth considering as it transitions into clean energy.
There are several factors causing the drop, but they are somewhat related to each other. First, recent sentiment shifts have been bad for growth stocks. They’ve also been bad for penny stocks and clean energy stocks. For better or for worse, Camber fits into all three categories.
With this, it’s no surprise CEI stock has taken such a big dive. In total, it’s fallen 89% off its 52-week high of $4.85 per share. In most situations, a stock that performed that badly is likely to continue doing so.
However, that may not be the case with Camber Energy.
Click here to learn more about Camber Energy.
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Category: Penny Stocks to Watch
