Camber Energy (OTC:CEIN) Signs Major New MOU with Go Green Global

There were a number of companies that had come onto the radars of investors for one reason or another, and one of those was Camber Energy Inc. (OTC:CEIN). The company hit the news cycle yesterday after it made an announcement with regards to a key new MoU (Memorandum of Understanding) it signed with Go Green.

The MoU

In the joint new release with Go Green Global yesterday, Camber Energy announced that as per the provisions of the MoU, the two companies would work on the testing, development, and possible commercialization of the Sonical fuel technology from Go Green. The technology was described as an innovative new offering that had been designed to boost fuel efficiency and cut down emissions across a range of commercial and industrial applications.

Further Information

The considerable expertise of Camber Energy in the power solutions space would be leveraged to fulfill the aims of the collaboration. The company noted that there was widespread excitement with regards to the collaboration with Go Green Global for the development and potential commercialization of the Sonical fuel technology. It may be a good time to add the Camber Energy stock to your watch lists.

Management Comment

“We are excited to enter into this MOU with Go Green Global Technologies to evaluate the potential of Sonical™ fuel technology,” said James Doris, President and CEO of Camber Energy. “This collaboration aligns with our commitment to exploring innovative, sustainable, and pragmatic energy solutions that can produce measurable efficiencies for end users.”

Fundamentals

P/E Ratio-0.0900
PEG Ratio
Price to Book-0.23
Price to Cash Flow
Price to Free Cash Flow
Total Sales (TTM)33.06 M
Revenue per Share (TTM)0.15
Shares Outstanding243.637 M
Share Float (%)243.41 M (99.90%)
% Held by Institutions0.00

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.