Slowly getting back on its feet – this is how the week looks like for Gulf United Energy Inc. (PINK:GLFE) stock so far. The thing is, this increase in both share price and trading volumes is not based on press release, news, announcement, SEC filing, promotion or even rumours on the Internet. Uncertainty still prevails. 
Almost 600k shares exchanged hands yesterday. Not really much, considering past trading volumes of GLFE, but still way more than during the last several days. It was another positive session with a 3.7% increase, and a closing price of $0.28 per share. Shorters also took their piece of the action with 143k shares exchanging hands due to short-selling activity. As mentioned,nothing new about Gulf United these days. There are, however, documents that should be in place already, available to the general public. SEC filings, in particular.
The last 10-Q to be released covers a period with an end-date May 31st this year. Among other figures, it includes the following:
- $9.8 million in cash;
- $28.4 million in total assets;
- $2.6 million in total liabilities;
- $17.1 million in accumulated deficit;
- $0 in revenue;
- $2.1 million in net loss; [BANNER]
Almost 2 months have passed since the end of the next quarter, yet figures are still due. In terms, interested parties are left with the above. The data at hand is actually not too bad, although it is also not inspiring, either. This has its effect on the stock price, and it is yet to be seen whether the next balance sheet would be of benefit to GLFE price on the market.
