RTTNews | Oct 25, 2021 12:26PM EDT

12:26 Monday, October 25, 2021 (RTTNews.com) - Shares of Chesapeake Energy Corporation (CHK) are gaining over 7% on Monday morning despite no stock-specific news statement from the company.

Meanwhile, oil prices continued its rally and hit multi-year high on Monday amid continuing expectations of supply tightening and signs of solid fuel demand in the United States and elsewhere in the world.

Chesapeake Energy engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States.

CHK is currently trading at $66.45, up $4.38 or 7.06%, on the Nasdaq. The stock has traded between $40.00 and $68.37 in the past 52 weeks period.

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