Manas Petroleum Corporation (OTC:MNAP) has been quite unstable over the past days. The stock opened the week with an 
impressive gain, though on Tuesday its price started falling down on full speed.
Yesterday, MNAP lost another 4.76% of its price, on a traded volume of approximately 98 thousand shares.
In any case, there is not much to be said about Manas lately. The company has not released any news on its business recently and investors have no clue about its current operations. In fact, the latest information about MNAP is its quarterly results. for the period ended 30 June, 2011.
At first sight, these don’t look bad at all. On the contrary, the company’s assets have substantially increased as well as cash and cash equivalents. However, at the same time operating loss and expenses remained notably high, while most of Manas’ cash flows have come from financing activities.[BANNER]
Based on its financials, management of Manas expects that its liquidity is sufficient to implement their business plan for the next 12 months. Though, judging by the balance sheet, apparently the company relies mostly on loans to support its operations.
