This week, Far East Energy Corp. (OTC:FEEC) has been falling down progressively. Yesterday, the stock sank even deeper by 
losing 12.82% of its price, on traded volume of 3.7 million shares. The most interesting fact though, is that the reason for the downtrend cannot be found yet.
According to the records, Far East has not released any news since last month, so presently there is no information about its activities. To be precise, on Jul 25 the company reported the positive results of an independent engineering report covering net contingent gas resources and cash flows from the Shouyang Block project. However, since that time FEEC keeps quiet, so the current price fall cannot be explained. In any case, investors on forums seem quite disappointed, still waiting for some fresh news by the company.
Far East Energy Corp. is engaged in the acquisition and development of coalbed methane gas properties in China. As already reported on hotstocked.com, in mid-May the company filed its quarterly results, however, these were quite contradictory.[BANNER]
As of March 31 this year, FEEC had more assets than liabilities in its balance, though the deficit accumulated during the development stage has increased, as well as the net loss.
Despite the fact that Far East has entered into some agreements for the sale of shares of its common stock under the company’s shelf registration statement, its financials haven’t changed yet. So, unless FEEC finds additional capital for its projects, positive reports won’t be enough to ensure the company’s future.
