Camber Energy Inc CEI shares are trading higher by some 50.81% to $0.09 during Friday’s after-hours session. The company late Friday announced an updated anticipated effective date of December 21 for its previously-announced 1-for-50 reverse stock split.
Following the reverse stock split, the number of authorized shares of common stock will be reduced from 1,000,000,000 to 20,000,000. Camber Energy on Thursday originally said the reverse split is anticipated to be effective as of market open on December 30.
According to data from Benzinga Pro, CEI has a 52-week high of $1.98 and a 52-week low of $0.05.