Camber Energy shares tumble again, losing more than two-thirds of its value in four days

Shares of Camber Energy Inc. CEI,
-21.58%
fell 21.6% in active trading on Wednesday morning, putting them on track to lose more than two-thirds of their value in four days. Trading volume was 128.5 million shares within an hour of opening, making the stock the most actively traded stock on major US stock exchanges. Shares of the oil and gas company had plunged 50.5% to 845.0 million shares on Tuesday, and 59.9% in the past three sessions, after climbing 161.6% in the the middle of a six-day winning streak that ended at a two-year close-out high of $ 3.82 on September 30. The stock is now trading 68.5% below that two-year high. The stock’s sell-off on Wednesday comes as NG00 natural gas futures,
-7.21%
fell 7.5%, after closing at a 13-year high on Tuesday, and CL00 crude oil futures,
-1.76%
lost 1.6% after closing Tuesday at a seven-year high. Meanwhile, the S&P 500 SPX,
-0.79%
fell 0.5%.