Hydrocarb Energy Corp (OTCBB:HECC) Surges For No Apparent Reason

[[tagnumber 0]][[tagnumber 1]]The last time we wrote about Hydrocarb Energy Corp (OTCBB:HECC) was back in the end of August when the ticker was sitting comfortably above the $1.50 per share mark. This was rather strange as the company deals in the oil & gas industry, which had been suffering for quite some time now and [[tagnumber 2]]HECC[[tagnumber 3]] was well above the levels it had in the previous months.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]This, however, quickly changed and we saw the ticker head in a more southern direction as September came around. [[tagnumber 2]]HECC[[tagnumber 3]] did try to recover in the middle of the month, but quickly returned to sliding and we saw an increase of daily volumes in this month’s trading. Meanwhile, a quick look at the latest 10–Q of [[tagnumber 2]]HECC[[tagnumber 3]] shows that it’s not your everyday OTC oil & gas entity.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 15]] [[tagnumber 16]]cash: $90 thousand[[tagnumber 17]] [[tagnumber 16]]current assets: $1.19 million[[tagnumber 17]] [[tagnumber 16]]current liabilities: $7.13 million[[tagnumber 17]] [[tagnumber 16]]quarterly revenues: $1.13 million[[tagnumber 17]] [[tagnumber 16]]quarterly net loss: $3.45 million[[tagnumber 17]] [[tagnumber 26]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]As you can see, the company is generating commendable revenues. Unfortunately, the company is kind of low on cash and the net loss indicates that profitability is still a distant dream, while the amount of current liabilities is certainly sizable.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]And while the latest press release that came in the end of last month was optimistic it didn’t manage to provide for positive movements. Instead, we saw [[tagnumber 2]]HECC[[tagnumber 3]] climb 13.27% in yesterday’s session for no apparent reason. No press releases or paid promotions were to blame for the run that led the ticker to close at $1.28 and trade 94 thousand shares, generating $120 thousand in daily dollar volume.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]We see that the company stock is a bit more stable today and has barely moved. Considering the lack of news, however, you should be sure to do your due diligence and weigh out all the risks before putting any money on the line.[[tagnumber 4]]