{"id":4895,"date":"2014-10-22T12:43:46","date_gmt":"2014-10-22T12:43:46","guid":{"rendered":"\/?p=4895"},"modified":"2014-10-22T12:44:19","modified_gmt":"2014-10-22T12:44:19","slug":"mena-hydrocarbons-inc-cvemnh-otcmktssknaf-remains-level-2","status":"publish","type":"post","link":"\/articles\/mena-hydrocarbons-inc-cvemnh-otcmktssknaf-remains-level-2\/","title":{"rendered":"Mena Hydrocarbons Inc. (CVE:MNH), (OTCMKTS:SKNAF) Remains Level"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/MNH_chart.png\" border=\"0\" alt=\"MNH_chart.png\" title=\"MNH_chart.png\" width=\"450\" height=\"201\" \/>The last couple of weeks saw some turbulent sessions for Mena Hydrocarbons, Inc. (CVE:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MNH\">MNH<\/a>), (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SKNAF\">SKNAF<\/a>). The company&#8217;s share price bounced significantly in mid-July, then edged even higher after some minor setbacks along the way. <\/p>\n<p>Yesterday the stock closed flat. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MNH\">MNH<\/a> moved 1.37 million shares but the price remained completely level throughout the session. The stillness in price action despite the above-average share volume could be attributable to the latest press announcement that the company published.<\/p>\n<p>On Jul 21 MHN informed that the company started negotiations for a possible sale or merger with a publicly traded entity. The other company in question is described as an international oil and gas enterprise. The potential deal involves assets located in Egypt. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MNH\">MNH<\/a> has full ownership of the Lagia oil field in the same country.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/MNH_logo.jpg\" border=\"0\" alt=\"MNH_logo.jpg\" title=\"MNH_logo.jpg\" width=\"100\" height=\"116\" \/>Here is what <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MNH\">MNH<\/a> published in its latest financial report dated March 2014:<\/p>\n<ul>\n<li>$851 thousand in cash and cash equivalents<\/li>\n<li>$7.6 million in total assets<\/li>\n<li>$6.9 million in total current liabilities<\/li>\n<li>$81 thousand in production revenues for Jan-Mar 2014<\/li>\n<li>$189 thousand in loss for Jan-Mar 2014<\/li>\n<\/ul>\n<p>The company&#8217;s report further states that as of March 2014 <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MNH\">MNH<\/a> had a working capital deficit of $6 million and the situation of the market has significantly reduced its ability to access capital. Further news related to the Jul 21 announcement of negotiations could send <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MNH\">MNH<\/a> in either direction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The last couple of weeks saw some turbulent sessions for Mena Hydrocarbons, Inc. (CVE:MNH), (OTCMKTS:SKNAF). The company&#8217;s share price bounced significantly in mid-July, then edged even higher after some minor setbacks along the way.&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1456,1455],"class_list":["post-4895","post","type-post","status-publish","format-standard","hentry","category-news","tag-mnh","tag-sknaf"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4895"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4895\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}