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CAMAC Energy (NYSE:CAK) CEO Kase Lukman Lawal purchased 11,214 shares of the stock in a transaction dated Monday, June 9th. The shares were purchased at an average cost of $0.71 per share, for a total transaction of $7,961.94. Following the transaction, the chief executive officer now directly owns 6,312,512 shares of the company’s stock, valued at approximately $4,481,884. The purchase was disclosed in a filing with the SEC, which is available at this link.

Shares of CAMAC Energy (NYSE:CAK) traded up 4.31% on Tuesday, hitting $0.75. 562,018 shares of the company’s stock traded hands. CAMAC Energy has a 1-year low of $0.2095 and a 1-year high of $0.91. The stock’s 50-day moving average is $0.65 and its 200-day moving average is $0.65. The company’s market cap is $944.9 million.

CAMAC Energy Inc (NYSE:CAK) is engaged in the exploration, development, and production of oil and gas outside the United States, directly and through joint ventures.

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