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Camber Energy stock tumbles again, on track to shed two-thirds of its value in four days

Shares of Camber Energy Inc. CEI, -26.47% tumbled another 22.2% in active premarket trading Wednesday, putting them on track to shed more than two-thirds of their value in four days. Trading volume was 13.9 million shares about a half-hour before the open, making the stock the second-most actively traded in the premarket. The oil and natural gas company’s stock had plunged 50.5% on volume of 845.0 million shares on Tuesday, and 59.9% over the past three sessions, after rocketing 161.6% amid a six-day win streak that ended at a two-year closing high of $3.82 on Sept. 30. The stock is on track to open about 69% below that two-year high. The stock’s selloff on Wednesday comes as natural-gas futures NG00, -8.21% pulled back 2.7%, after closing Tuesday at a 13-year high, and crude oil futures CL00, -1.74% shed 0.8% after closing at an seven-year high on Tuesday. Meanwhile, futures ES00, -0.53% for the S&P 500 SPX, -0.75% fell 0.8%.

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