Camber Energy Inc (NASDAQ:CEI) shares are trading higher after the company and Viking Energy announced shareholder approval of the merger. The merger is expected to be completed around August 1, subject to meeting closing conditions.
After the merger, Camber will have full legal and accounting control of Viking, benefiting from its various business activities, including Custom Energy & Power Solutions, a Patented Clean Energy & Carbon-Capture system, Medical & Bio-Hazard Waste Treatment using Ozone Technology and Open Conductor Detection systems.
According to data from Benzinga Pro, CEI has a 52-week high of $21.44 and a 52-week low of $0.60.
