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Highlights
- Camber Energy (AMEX: CEI) had increased its stake to 72% in Viking Energy in July.
- Sonim Technologies, Inc. (SONM) launched Klein’s headsets and RSMs on Thursday.
- Camber stock is up 178%, and Sonim’s share is up 31% in the last 30 days as of Sep 9.
Camber Energy, Inc. (AMEX: CEI) stock was up 11.54%, and Sonim Technologies, Inc. (NASDAQ:SONM) stock surged 18.12% at 10:00 am ET on Friday for no apparent reason.
The CEI stock traded at US$1.45, and SONM was priced at US$0.6969 at the same time.
Here we explore some of the recent developments of the two companies.
Camber Energy, Inc.
The Houston, Texas-based company develops oil and gas fields in the mid-continent region. Camber’s market cap is US$149.5 million.
In July, Camber had increased its stake from 62% to 72% in Viking Energy Group, Inc.
The stock’s 52-week highest price was US$3.10, and the lowest was US$0.33.
The Camber stock saw large trading volume on Friday.
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The stock gained 57% in the last five trading sessions ending Thursday. Its trading volume was 286,467,200 on Sep 9. CEI rose 178% in one month.
For the three months ended June 30, 2021, Viking’s revenue was US$10.7 million, and net loss was US$9.85 million. The revenue and net loss in the corresponding period of the previous year were US$9.55 million and US$(16.56) million, respectively.
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Source - pixabay
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Sonim Technologies, Inc.
Sonim is another penny stock that caught investors’ attention on Friday. The Austin, Texas-based Sonim Technologies provides mobile phones and accessories.
On Sep 9, the company had launched the waterproof headsets and RSMs from Klein Technologies that are compatible with Sonim products.
The company earned revenue of US$11.95 million for June quarter of 2021 compared to US$21.06 million in the same quarter the previous year. The net loss was US$(6.69) million compared to the net loss of US$(7.1) million in the June quarter of 2020.
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The stock gained 30.5% in the last five sessions and 31% in one month as of Sep 9.
Sonim stock’s 52-week highest and lowest prices were US$1.70 and US$0.36, respectively.
The trading volume was 36,537,800 on Sep 9. Its market cap is US$59.5 million.
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Bottomline
Penny stocks are considered risky investments, although some companies give good performance. Investors must evaluate the companies carefully before investing in stocks.
