Low-priced stocks like Camber Energy (NYSEAMERICAN:CEI) can be a bit like a double-edged sword. They can make very rapid moves higher. For example, we saw CEI stock do that twice last year. First in late winter, then in a big way during the fall.
They can also make extreme moves lower. Unfortunately, we’ve seen more of those lately with this oil and gas company that is steadily turning itself into a clean energy play. Since hitting prices topping $4.85 per share on Sep. 29, it’s since fallen to around 77 cents per share. This is a decline of around 84%.
With this big decline, many investors may prefer to stay away from this situation. I can understand this in the case of more risk-averse investors. But investors looking for more high-risk, high-potential return plays might find CEI stock be a worthwhile opportunity.
Find out more about Camber Energy stock here
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