Camber Energy Inc. was trading slightly higher in the premarket on Thursday after soaring almost 20 percent intraday on Wednesday amid a spike in crude oil prices.
The energy sector has seen increased volatility following Russia’s invasion of Ukraine, as traders and investors attempt to weigh the effect the conflict will have on global oil supplies while receiving mixed signals from the European Union about whether it plans to hit Russia with an energy embargo.
Camber Energy is also more volatile than many other stocks in the energy sector due to its small float of just 23.43 million shares. Stocks with a low float can be especially volatile because the impact of supply and demand can be easily tipped due to the small number of shares available for trading.
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